Ed Billings
Photos
About This Property
Prime Durham Location Near Duke | Fully Leased Quad | 5.5% Cap Rate Located less than a mile from Duke University, this fully leased, turnkey quadplex offers walkable convenience in one of Durham's most in-demand rental corridors. Major renovations completed in 2022-2023 include new HVAC systems, plumbing upgrades, and interior/exterior enhancements. Lower units (1911 & 1913) feature updated kitchens with IKEA cabinetry, butcher block counters, new appliances, tiled baths, custom desks, and washer/dryer installs. Upper units (1915 & 1917) include walk-in showers, vinyl flooring, refinished hardwoods, and updated finishes. Strong in-place rents and a 5.5% cap rate make this an ideal low-maintenance investment.
Property Details
Year Built
1961
Lot Size
0.21 acres
Property Type
Quadruplex
Heating
Electric, Forced Air
Cooling
Central Air
Sewer
Public Sewer
Water
Public
Location
Monthly Payment Estimate
$3,502/mo
30-year fixed estimate
Estimate only. Does not include taxes or insurance.
