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1107 Camden ave - Canopy Crossings Two-Unit Condo Building 2 Unit Apartment Building Offered at $585,000 Durham, NC 27701
Investment Highlights
- Entire new-construction building with one upper and one lower condo
- Near Downtown Durham and Duke University with no rental restrictions in the HOA documents
- Projected rental income of $3,500–$3,800 monthly
Executive Summary
Opportunity to acquire an entire new-construction building at 1107 Camden Avenue in Canopy Crossings, a design-forward community in historic Duke Park near Downtown Durham. The offering includes both 1107A and 1107B—one upper and one lower condo—offered together for $585,000. Each 792-square-foot residence features two bedrooms, two bathrooms and two dedicated parking spaces, for a combined 1,584 square feet. Projected rents are $1,750–$1,900 per unit monthly, generating potential portfolio income of $3,500–$3,800 per month or $42,000–$45,600 annually. Thoughtfully designed floor plans, contemporary finishes, modern architectural details and an efficient use of space support strong renter appeal. The HOA documents contain no rental restrictions. The community offers convenient access to Downtown Durham, Duke University, Duke Park and the area’s employment, dining and entertainment destinations.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Family Room
- Handrails
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,900 | 792 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
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