NOT LISTED FOR SALE

2209 & 221 Morehead Ave Durham, NC 27712

Duke Forest Neighborhood
-- Bed
-- Bath
-- Sq Ft
1960 Built

Last Sold September 08, 2023

Last sale price $1,375,000

73 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Propane
  • Lakewood Montessori Middle School Rated A-

About This Home

As of September 2023

SVN | Real Estate Associates is pleased to present the opportunity to acquire two apartment complexes with a total of nine units in the fast growing Durham area at the border of Lakewood Park, an up-and-coming neighborhood. This rare value-add opportunity would be an ideal acquisition for a new investor or for a local investor looking to add to their portfolio. The property is a five-minute drive from downtown Durham, which continues to experience an incredible transformation with projects both under construction and planned to further expand its base of residential, retail, office, and life science spaces.

Last Agent to Sell the Property

Seth Jernigan

Real Estate Associates, Inc. License #184192 Listed on: 04/15/2023

Real Estate Associates, Inc.

Last Buyer's Agent

Isabelle Apel

Compass -- Chapel Hill - Durham License #276523

Compass -- Chapel Hill - Durham

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,643

Year Built

  • Built in 1960

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Schools

  • Lakewood Elementary School
  • Brogden Middle School
  • Jordan High School

Utilities

  • Central Air
  • Heating System Uses Propane

Community Details

  • 9 Units

Listing and Financial Details

  • 3 Month Lease Term

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,643

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Foundation Details BrickMortar: Yes
  • Contract Information Lease Term: 3 To 6 Months
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 9.0
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Hardwood, Luxury Vinyl

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Brick/Mortar
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Propane
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Propane2: Yes

Schools

  • Ninth Grade High School: Durham - Jordan
  • Middle Or Junior School: Durham - Brogden

Lot Info

  • Zoning: RS-M

Rental Info

  • Lease Term: 3 To 6 Months
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 11643.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 9

MLS Schools

  • Elementary School: Durham - Lakewood
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $1,375,000 -- --
09/08/2023 09/08/23 Sold $1,375,000 -5.2% --
06/26/2023 06/26/23 Pending -- -- --
05/23/2023 05/23/23 Price Changed $1,450,000 -12.1% --
04/14/2023 04/14/23 For Sale $1,650,000 -- --
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Seth Jernigan

    Seller's Agent in 2023

    Seth Jernigan

    Real Estate Associates, Inc.

    (919) 287-3214

    1 in this area

    2 Total Sales

    Seth Jernigan
    Section Image

  • I

    Buyer's Agent in 2023

    Isabelle Apel

    Compass -- Chapel Hill - Durham

    (919) 344-4866

    1 in this area

    90 Total Sales

    Isabelle Apel
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2505156

Doorify MLS
North Carolina Durham County Durham 27701 Duke Forest

2209 & 221 Morehead Ave, Durham, NC

Not Listed for Sale

Condos

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