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USANCDurhamNot in a Subdivision22092211 Morehead Avenue
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$1,990,000

22092211 Morehead Avenue, Durham, NC

Condo

For Sale

$--,---,---
22130
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 9148 sqft
Garage No
Maintenance Fees 
Taxes $12,565
Days Active 1
Approx. Age 1960
Avg. Price Per Sqft $217
MLS® Number 10102564

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity - Renovated MF Near Duke | 5.5% Cap | Stable Rents + Upside Charming, fully leased multifamily asset less than 1 mile from Duke University, offering strong in-place cash flow and a 5.6% cap rate. Unit mix includes rare 3BR/2BA and 2BR/2BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades, drainage improvements, modernized kitchens/baths, and selective interior renovations (hardwoods, appliances, reconfigured closets). Additional Low turnover, proven rental history, and walkable yet private setting. Ideal for investors seeking stable performance with value-add levers.Show Description
MLS® Number10102564
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

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