$639,000
●
House -
Off Market
906 A Oakland Ave
Durham, NC 27705
2 Beds
2 Baths,
1
Half Bath
1,258 Ft²
$3,431
Est. Monthly
2.36%
Cap Rate
About This Property
Stunning classic Craftsman located less than a mile from Duke!
You'll find timeless craftsmanship and refined aesthetics
throughout a versatile floor plan and incredible backyard.
Featuring site finished Oak hardwoods, quartz countertops,
stainless steel appliances, tile bathrooms and showers, custom
blinds, tankless hot water heater, sealed crawlspace, 50-year
shingles, custom storage building, gutter guards, and more! The
fully fenced backyard is destined to provide an unrivaled space for
entertaining and relaxation. Experience urban sophistication just
seconds from downtown Durham, world-class academia and medical
care, shopping, dining, entertainment, and more!
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$508
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #10027064)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | Listed by Long & Foster Real Estate INC | $639,000 | |
| Listed by Long & Foster Real Estate INC | |||
| Apr 8, 2024 | Sold | ||
| Sold | |||
| Feb 18, 2024 | No longer available | - | |
| No longer available | |||
| Feb 16, 2024 | Listed by Long & Foster Real Estate INC | $558,000 | |
| Listed by Long & Foster Real Estate INC | |||
| | |||
|
*Special Financing* Interest Rate Buy Down Provided by Builder! (First-year rate of 5.5%) Move-in-ready New Construction in Old West Durham! Just seconds to Duke Hospital, Medical Center & University, VA Hospital, Restaurants and Specialty shops! Stunning high quality finishes and upgrades. Site finished Oak hardwood floors. Tile showers and flooring in bathrooms and laundry room, sealed crawlspace, tankless gas water heater, tile surround in showers, Chef's kitchen w/island prep area. Tiled kitchen backsplash and quartz countertops! Lots of Cabinets & Drawer (EZ Close) space. No Carpet! Fenced Yard. No HOA! Sidewalks & Off-Street Parking! Add to that the perks of being in Old West Durham near Oval Park & within minutes of 9th Street shops & restaurants, boutiques, coffee, ice cream & other local fares. Easy access to Downtown & all it offers! This is the place!
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About Old West Durham
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Listed by: David Bermel, Long & Foster Real Estate INC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10027064
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10027064
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