$530,000
●
House -
Off Market
907 Carolina Avenue
Durham, NC 27705
2 Beds
1 Bath
1,215 Ft²
$2,923
Est. Monthly
2.76%
Cap Rate
About This Property
Adorable Old West Durham!
Your cottage awaits, in Durham's favorite walkable neighborhood - Old West Durham. If you appreciate walking everywhere and love historical vibes, come behold this lovingly restored mill house with gorgeous hardwood floors, brand new deck and massive backyard. Sit on the rocking chair front porch - perched high above the street - and look out over the lovely, landscaped gardens - yours and the neighbor's!
Bright, spacious rooms abound in this charming package, with two generous sized bedrooms, plenty of hardwood and genuine historical detail. (No cookie cutters allowed!) The big kitchen and eat-in dining area connects by sliding glass door to the nearly 300 square foot deck, which lives like an extension of the house.
The expansive backyard, storage shed and under house storage all help this house live large. Plentiful landscaping and gardening beds in backyard and tons of room for endless recreation options. New Roof in 2024 and HVAC replaced in 2019.
When we say Walkable, it's legit!! Actual WALK TIMES to some of our favs:
7 mins to Elmo's, Vin Rouge and Harris Teeter;
6 mins to Locopops, Cocoa Cinnamon or EK Powe Elementary School;
10 mins to Oval Park or Joe Van Gogh Coffee
Lovingly restored in this century with plenty of charm left from the last. Don't we all hope to look this good at a 100 years plus?
Your cottage awaits, in Durham's favorite walkable neighborhood - Old West Durham. If you appreciate walking everywhere and love historical vibes, come behold this lovingly restored mill house with gorgeous hardwood floors, brand new deck and massive backyard. Sit on the rocking chair front porch - perched high above the street - and look out over the lovely, landscaped gardens - yours and the neighbor's!
Bright, spacious rooms abound in this charming package, with two generous sized bedrooms, plenty of hardwood and genuine historical detail. (No cookie cutters allowed!) The big kitchen and eat-in dining area connects by sliding glass door to the nearly 300 square foot deck, which lives like an extension of the house.
The expansive backyard, storage shed and under house storage all help this house live large. Plentiful landscaping and gardening beds in backyard and tons of room for endless recreation options. New Roof in 2024 and HVAC replaced in 2019.
When we say Walkable, it's legit!! Actual WALK TIMES to some of our favs:
7 mins to Elmo's, Vin Rouge and Harris Teeter;
6 mins to Locopops, Cocoa Cinnamon or EK Powe Elementary School;
10 mins to Oval Park or Joe Van Gogh Coffee
Lovingly restored in this century with plenty of charm left from the last. Don't we all hope to look this good at a 100 years plus?
Unit Size
1,215 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$435
Property Type
House
Property Taxes
$325
HOA Dues
-
Year Built
1909
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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 #10086717)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Old West Durham
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Listed by: John Currie Shoenfelt, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10086717
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10086717
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