$320,000
For Sale

306 N Driver Street

Durham, NC 27703
1431 sqft | 5 beds | 2 baths | 0.32 acres | #10051987
Browse 7 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

This old historic home has been converted into a rooming house. The manager lives in the property. Three large bedrooms rooms each rent for $160/week ($640/month) and the two smaller bedrooms each rent for $135/week ($540/month) for a total of $3,000/month. A feasibility study (see attachments) was completed showing the additional units that can be built in the enormous backyard. Recently passed SCAD (SEE ATTACHED)
(Simplifying Codes for Affordable Development) will allow for higher density development with less hurdles to jump through (effective 1/1/2024). This property has so much potential!

  • Interior Details
      • HeatingElectric, Floor Furnace, Natural Gas, Space Heater
      • CoolingCentral Air, Window Unit(s)
    • Beds & Baths
      • Bedrooms5
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Acres0.32
      • Square Feet1431
    • Parking
      • Parking FeaturesOff Street
  • Construction Details
      • Property TypeMulti-Family
      • StyleBungalow
      • Basement DescriptionOther
      • Basement1
    • Condition
      • Year Built1900
    • Material information
      • RoofAsphalt, Shingle
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionThe Driver Lands
    • Location
      • Elementary SchoolDurham - Y E Smith
      • High SchoolDurham - Southern
      • Middle SchoolDurham - Neal
      • ZoningRU-5(2)
      • CountyDurham
  • Financial Details
      • Taxes Annual$1,196
  • Other
      • MLS #10051987

Location

Lindy Muse | NorthGroup Real Estate Inc.Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00