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1401 W Chapel Hill St
Durham, NC 27701
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Located in the West End of Durham close to Duke University
- Financing available: 25% down, 3.5% Interest, 30-yr amortization, 3-year balloon.
- Upside - below market rents. 20% of units have been updated.
Property Facts
| No. Units | 11 | Building Size | 11,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1961/2024 |
| Lot Size | 0.49 AC | Parking Ratio | 2/1,000 SF |
| Zoning | RU-M - Multifamily | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 11,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2024 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RU-M - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | $1,200 | 750 |
| 1+1 | 2 | $850.00 | 650 |
Property Taxes
| Parcel Number | 108593 | Improvements Assessment | $1,144,070 |
| Land Assessment | $550,000 | Total Assessment | $1,694,070 |
Property Taxes
Parcel Number
108593
Land Assessment
$550,000
Improvements Assessment
$1,144,070
Total Assessment
$1,694,070
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