Terra Nova Global Properties

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For Sale

2209-2211 Morehead Avenue

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

2209-2211 Morehead Avenue, Durham, NC 27707

$1,990,000

Investor Opportunity - Renovated MF Near Duke | 5.5% Cap | Stable Rents + Upside

Charming, fully leased multifamily asset less than 1 mile from Duke University, offering strong in-place cash flow and a 5.6% cap rate. Unit mix includes rare 3BR/2BA and 2BR/2BA layouts that attract long-term tenants seeking single-family alternatives. Recent upgrades: new roof, HVAC system upgrades, drainage improvements, modernized kitchens/baths, 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.

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22
beds

13
baths

9,148 Sq.Ft. LIVING AREA

1.01 Acres lot

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Middle Name

Thank you for your interest in 2209-2211 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 bedrooms22
Total bathrooms13
full bathrooms13
Flooring Carpet, Hardwood, Vinyl

Area & Lot

Status For Sale
Living Area9,148 Sq.Ft.
Lot Area1.01 Acres
MLS® ID10102564
TypeCondo
YEAR BUILT1960
NeighborhoodDurham

Exterior

STORIES3
water SourcePublic
roofShingle
parkingOn Site
HEAT TYPECentral
AIR CONDITIONINGCentral Air
sewerPublic Sewer
SubstructureBrick/Mortar

Financial

Sales Price$1,990,000
Real Estate Tax $12,565/yr
Zoning RS-M

Durham

Durham is a vibrant community with various neighborhoods and plenty of activities to keep residents entertained.

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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.

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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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