This is a single-family home in North Durham, off of N.Roxboro, 4 minutes from Duke Regional Hospital. Ideal for a buy and hold investor looking to capitalize on the growth currently happening and scheduled to happen in North Durham (see below for more info).
This property can use some TLC but there are many different directions you can take it in depending on what type of rental property you’d like to have. Tenant is currently being asked to vacate, Buyer will be conveyed a vacant property. Great opportunity to come in and make your preferred improvements before renting out to a new tenant!
– Built in 1946
– 1,788 Square feet
– 4 bedrooms (2 downstairs, 2 upstairs)
– 2 baths (1 downstairs, 1 upstairs)
* Great rent rates in the area
Additional Information:
• Duke Regional Hospital has begun its largest renovation since 1976. With over $100MM invested, the project is expected to be complete by Spring 2021 – https://www.dukechronicle.com/article/2019/03/duke-regional-hospital-breaks-ground-on-100-million-expansion
• Merck Plant Bringing 400+ well-paying jobs to the area will be located 15min from 4313 Denfield Street – https://www.wraltechwire.com/2019/07/25/incentivized-the-bull-city-wins-4th-expansion-bid-this-year/
• Property has the potential for future commercial use. The property sits next to, and around several commercial properties (Captain D’s, Durham Animal Hospital, Herndon Restaurant Equipment Company). This lot could easily be sold to a commercial developer