Ed Billings
Photos
Property Reel
About This Property
Investor Opportunity - Renovated MF Near Duke | 6.75 Cap | Stable Rents | 9 Units 2 Buildings with 9 units less than 1 mile from Duke University and Downtown Durham, offering strong in-place cash flow and a 6.75% cap rate. Unit mix includes rare 3BR/2BA and 2BR/1BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades in some units, drainage improvements, modernized kitchens/baths in various units, and selective interior renovations (hardwoods, appliances, reconfigured closets). Additional Low turnover, proven rental history, and walkable yet private setting. Ideal for investors seeking stable performance with value-add levers.
Property Details
Year Built
1960
Lot Size
1.01 acres
Property Type
Apartment
Heating
Central
Cooling
Central Air
Sewer
Public Sewer
Water
Public
Location
Listing Timeline
Mar 6, 2026
Just Listed (New Listing)
Monthly Payment Estimate
$7,838/mo
30-year fixed estimate
Estimate only. Does not include taxes or insurance.