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506 N Hyde Park Ave AvenueDurham, NC 27703

  • Multi Family
  • $350,000
  • 1,505 SQFT
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,505 SQFT

INVESTOR ALERT! An ideal opportunity for owner occupied. Plus, you can use the current rent to qualify for the loan! Welcome to this stunning duplex, a rare gem near downtown Durham! Perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space. Step into Side B to explore its potential as a comfortable home or lucrative investment. Side A, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new HVAC system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come. Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of Durham, offering unparalleled convenience and potential. Viewings will be focused on Side B, with Side A available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city! I have preferred lenders if you need to speak to anyone about qualifying using the rent to decrease your debt to income ratio!

Last Checked
1 minute ago
Last Updated
Jun 28, 2024
Days on Website
16
Style
Bungalow
Year Built
1925
Neighborhood
Hyde Park
County
Durham
Elementary School
Eastway
Middle School
Neal
High School
Northern

Property Details for 506 N Hyde Park Ave Avenue

506 N Hyde Park Ave Avenue is a multi_family for sale in Durham, NC 27703. This 1,505 SQFT multi_family sits on a 0.18 acre lot and features 2 bedrooms and 2 bathrooms. Built in 1925, this multi_family has been on the market for a total of 16 days and is currently priced at $350,000.

All

Christopher Mitchell

Coldwell Banker Advantage

919-623-2600

Please contact Christopher Mitchell at Coldwell Banker Advantage direct by phone at 919-623-2600. You may also reach Coldwell Banker Advantage by phone at 919-967-6363.

Listing Provider for 506 N Hyde Park Ave Avenue

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Christopher Mitchell
Agent Phone Number:
919-623-2600
Office:
Coldwell Banker Advantage
Office Phone Number:
919-967-6363
MLS ID:
10035589
Data Source:
Triangle MLS
Last Checked:
1 minute ago
Last Updated:
June 28, 2024 1:40 PM UTC
Days on Site:
16
Triangle MLS