1512 N Hyde Park Avenue,Durham, NC 27701
Durham, NC 27701
Description
Excellent investment opportunity in Durham's Morgan Park community! This well-located quadruplex features four separate and identical units (2/1) offering a total of 8 bedrooms and 4 full bathrooms, making it an attractive addition to any rental portfolio. With $4,475 in gross monthly rental income, this property comes close to the popular 1% rule, making it an appealing opportunity for investors seeking rental income and long-term potential. The established rental history provides an opportunity for continued income generation. Interior features include a combination of carpet, ceramic tile, and luxury vinyl flooring, along with electric ranges and refrigerators. Public water and sewer add to the property's convenience, while dedicated off-street parking provides easy access for residents. Additional development opportunity: The adjacent lot is also available for sale (MLS 10198730 available separately), offering potential for future development. Build a duplex with approximately 600 square feet per side or explore the possibility of a 1,200-square-foot single-family home, subject to zoning, permitting, and local requirements. Conveniently located just minutes from downtown Durham, shopping, dining, entertainment, and major roadways, this property combines existing rental income with additional development potential. Don't miss this opportunity to own a multifamily investment property in a desirable Durham location!
Details
| MLS # | 10198731 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 29 |
| Listing Provided By | DASH Carolina | Favio Ruiz |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,440 |
| Story(s) | 1 |
| Zoning | RM-12 |
| Acreage | 0.16 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Window Unit(s) |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Slab |
| Construction Materials | Concrete |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Assessed Value | 351844 |
|---|---|
| Tax Legal Description | Prop-Morgan Thomas Land/L T#05 Pl:00005A-000025 |
| Tax Year | 2026 |
| Tax Map Number | 05 |
Other
| Accessibility Features | No |
|---|
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| School District | Durham - Northern High |
| Elementary School | Durham - Burton Elementary |
| High School | Durham - Northern High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $490,000 low | high Med: $350,000 sqft: 2,440 low | high Med: 784 $ / sqft: $201 low | high Med: $446 On site: 29 low | high Med: 90 | |
Market Activity 27701
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Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27701 |
| Area | Durham |
| Community Name | Not in a Subdivision |
| School District | Durham - Northern High |
| Elementary School | Durham - Burton Elementary |
| High School | Durham - Northern High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $490,000 low | high Med: $350,000 sqft: 2,440 low | high Med: 784 $ / sqft: $201 low | high Med: $446 On site: 29 low | high Med: 90 | |
 | $375,0001120 Drew StreetDurham, NC 27701 |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
