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10 Units in Durham 502-506 Raynor St 10 Unit Apartment Building $1,250,000 ($125,000/Unit) Durham, NC 27703
Executive Summary
DEATON is pleased to present for sale, as the exclusive broker for the seller, a 10-unit multifamily property at 504 Raynor Street, Durham, NC.
- 504/506 Raynor = single-story duplex, built in 1961
- 502 Raynor = two-story, eight-unit building, built in 1988
- All ten units are two-bedroom floorplans
- Average in-pace rent is $1,078
- 504/506 Raynor = single-story duplex, built in 1961
- 502 Raynor = two-story, eight-unit building, built in 1988
- All ten units are two-bedroom floorplans
- Average in-pace rent is $1,078
Property Facts Under Contract
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.63 AC |
| Sale Type | Investment | Building Size | 7,020 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 2.56/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Liberty St |
| Zoning | R | ||
| Price | $1,250,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 7,020 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.56/1,000 SF |
| Cross Streets | Liberty St |
| Zoning | R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $1,138 | 680 - 790 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 114075 | Improvements Assessment | $610,611 |
| Land Assessment | $350,000 | Total Assessment | $960,611 |
Property Taxes
Parcel Number
114075
Land Assessment
$350,000
Improvements Assessment
$610,611
Total Assessment
$960,611
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10 Units in Durham | 502-506 Raynor St
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