204 E Lynch Street, Durham, NC 27701

$400,000 Asking Price

3 beds
2 baths
1,204  sqft
Built in 1932

Explore an exceptional investment opportunity or the chance to own a cherished single-family home in the lively heart of Durham, NC. This charming 1930s residence offers 1,204 square feet of thoughtfully arranged living space, including three bedrooms, one and a half bathrooms, a dining room, kitchen, and a breezeway leading to an unfinished basement with laundry facilities. The home features original hardwood floors in the main living areas, a decorative fireplace, and laminate flooring in the kitchen with its original cabinetry. Currently, the property is tenant-occupied with a lease that expires on June 30th, 2025, generating a monthly rental income of $1,020. Recent updates include a dishwasher replaced in 2019, a washing machine in 2020, and a new gas stove and gas dryer installed in January 2023. Additionally, the main water line connecting the water meter to the house was replaced earlier this summer. Having served as a rental since its purchase in 2003, this property is now available as an estate sale.


Features & Amenities

Interior

General:
Ceiling Fan(s)
Appliances:
Dryer, Free-Standing Range, Free-Standing Refrigerator, Washer, Water Heater
Laundry:
In Basement
Basement:
Block, Dirt Floor, Exterior Entry, Interior Entry, Unheated, Walk-Out Access
Flooring:
Tile, Wood
A/C:
true, Ceiling Fan(s), Central Air
Heating:
true, Forced Air
Fireplace:
Decorative, Fireplace

Exterior

General:
None
Style:
Cape Cod
Parking:
Driveway

Construction

Roofing:
Shingle
General:
Vinyl Siding, 1, Brick/Mortar

Location

Road/Access:
City Street
Originating MLS:
Triangle MLS
County:
Durham

Lot

Zoning:
0832213405
Fencing:
None

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Triangle MLS

This listing courtesy of:
Compass -- Chapel Hill - Durham, Samantha Greaves

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.

Similar Homes

Message

Interested in this home?

Request more information: