$350,000
- Beds
- 2
- Baths
- 2.0
- sq ft
- 1,505
506 North Hyde Park Avenue, Durham, NC 27703
506 North Hyde Park Avenue
Durham, NC 27703
- 20 days on market
INVESTOR ALERT! An ideal opportunity for owner occupied. Plus, you can use the current rent to qualify for the loan!
Welcome to this stunning duplex, a rare gem near downtown Durham! Perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space.
Step into Side B to explore its potential as a comfortable home or lucrative investment. Side A, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new HVAC system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come.
Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of Durham, offering unparalleled convenience and potential.
Viewings will be focused on Side B, with Side A available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city!
I have preferred lenders if you need to speak to anyone about qualifying using the rent to decrease your debt to income ratio!
Details
Property type
Duplex
Property condition
Updated/Remodeled
Lot size
7,840.8 sq ft
Price per sq ft
$233
Year built
1925
Annual property taxes
$1,969.88
Price History
06/14/2024
![TriangleMLS](/_next/static/media/triangleMlsLogo.ace7d934.png)
TriangleMLS #10035589
Listed
$350,000
Schools & Community
Neighborhood:
Old East Durham
Elementary school:
Durham - Eastway
Middle school:
Durham - Neal
High school:
Durham - Northern
Community features: Park, Sidewalks
Community features:
Park, Sidewalks
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Status: Active
Tomo last checked: 07/04/2024 at 11:25 PM
Listing updated: 07/01/2024 at 3:53 AM
Listed by: Christopher Mitchell, Coldwell Banker Advantage Phone #: (919) 967-6363
MLS: TriangleMLS #10035589
![TriangleMLS logo](/_next/static/media/triangleMlsLogo.ace7d934.png)
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