Name: Terra Nova Global Properties
Address: 310 E. Main Street Suite 305, Carrboro, NC, 27510, US
Telephone: (919) 929-2005

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.

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8
beds

4
baths

3,360 Sq.Ft. LIVING AREA

9,147.6 Sq.Ft. lot

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Middle Name

Thank you for your interest in 1911 Morehead Avenue, Durham, NC 27707. We are reviewing your request and will be in touch shortly!

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Ed Billings

title Broker/Realtor®, GRI
PHONE (919) 423-6627
EMAIL [email protected]
DRE # 201236

Features & Amenities

Interior

total bedrooms8
Total bathrooms4
full bathrooms4
Flooring Hardwood

Area & Lot

Status For Sale
Living Area3,360 Sq.Ft.
Lot Area9,147.6 Sq.Ft.
MLS® ID10102040
TypeMulti-Family
YEAR BUILT1961

Exterior

STORIES2
water SourcePublic
roofShingle
parkingOff Street
HEAT TYPEElectric, Forced Air
AIR CONDITIONINGCentral Air
sewerPublic Sewer
SubstructureOther

Financial

Sales Price$749,000
Real Estate Tax $6,417/yr

WORK WITH US

We support our local community and enjoy creating relationships for life. As a result, we have developed a professional practice, based primarily on referral business. It is our philosophy to put the long term interests of our clients first.

CONTACT DETAILS

TERRA NOVA GLOBAL PROPERTIES

Phone

(919) 929-2005

[email protected]

Address

101 Glen Lennox Drive, Suite 230 Chapel Hill NC 27517

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1911 Morehead Avenue

$749,000

Schedule a Showing

Schedule a Showing

Ed Billings

Features & Amenities

Interior

Area & Lot

Exterior

Financial

WORK WITH US

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CONTACT DETAILS

TERRA NOVA GLOBAL PROPERTIES

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