Multifamily

606 Red Oak Avenue, Durham, 27707-4151, Durham, NC

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Property Description
Rare opportunity to purchase portfolio of eight single family homes and one duplex for under $100,000 a door. Rents are well under market. Projected GSi is $129,000. Estimated project cost for purchase and rehab is 1,215,000 and a possible cap rate of 7.4%. Or fix and flip. Included in the package:3305 Fayetteville St 27702, 1838 Liberty St 27703, 3024 Forrester St 27704, 1211 N Hyde Park Ave 27701, 606 Red Oak Ave 27707, 528 Red Oak Ave 27707, 1131 Drew St, 816 Belvin Ave 27704, 1105 Linwood Ave 27701
Basic Details
MLS # : 2246539
Property Type : Multifamily
Listing Type : For Sale
Price : $100,000
Year Built : 1948
Address Map
Street Number : 606
Street : Red Oak Avenue
City : Durham
Zipcode : 27707-4151
County : Durham
Longitude : W79° 5' 50.9''
Latitude : N35° 57' 54''
Additional Info
Property Sub-Type : Other
New Construction : No
Address : 606 Red Oak Avenue
Area : 112 - Central Durham
Subdivision : Parkview
Office Name : 4770
LO1Office Name : Reformation Asset Management
LA1Agent First Name : Charles
LA1Agent Last Name : Bulthuis
Directions : NC 147 S Turn right NC 55 E/S Alston Ave, Turn Right onto Dakota, St. Turn Right onto Red Oak Ave. House is on the left.
Multifamily For Sale
  • MLS # : 2246539
  • Visits : 2 in 21 days
$100,000
Agent info
Realty Arts
130 Towerview Court, Cary NC 27513
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