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7
Photos
5
beds
2
baths
1,431
sqft
Built in
1900
This old historic home has been converted into a rooming house. The manager lives in the property. Three large bedrooms rooms each rent for $160/week ($640/month) and the two smaller bedrooms each rent for $135/week ($540/month) for a total of $3,000/month. A feasibility study (see attachments) was completed showing the additional units that can be built in the enormous backyard. Recently passed SCAD (SEE ATTACHED) (Simplifying Codes for Affordable Development) will allow for higher density development with less hurdles to jump through (effective 1/1/2024). This property has so much potential!
Features & Amenities
Interior
- Basement:
- Other
- Flooring:
- Hardwood, Vinyl
- A/C:
- true, Central Air, Window Unit(s)
- Heating:
- true, Electric, Floor Furnace, Natural Gas, Space Heater
Exterior
- Style:
- Bungalow
- Parking:
- Off Street
Construction
- Roofing:
- Asphalt, Shingle
- General:
- Wood Siding, One, Brick/Mortar
Location
- Originating MLS:
- Triangle MLS
- County:
- Durham
Lot
- Zoning:
- RU-5(2), 0831641670
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Triangle MLS
This listing courtesy of:
Keller Williams Elite Realty, Aaron Moon
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Durham, NC
Housing
- Number of Units
- 136,283
- Median Home Value
- $266,404
- Median Rent
- $979
46.36% of housing units are renter occupied.
6.89% are vacant.
Commute
- Car
-
62.99%
- Public Transportation
-
2.57%
- Walk to Work
-
1.62%
- Work from Home
-
31.61%
- Other
-
0.70%
The median travel time to work is 17 minutes.
People
- Population
- 312,233
- Median Age
- 36.80
- Median Household Size
- 2.52
Education
- High School
-
17.62%
- Associate’s Degree
-
7.01%
- Bachelor’s Degree
-
25.77%
- Graduate Degree
-
23.96%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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