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.
RS-M
Water Source : Public
Sewer Source : Public Sewer
Parking Features: On Site
Roof : Shingle
Below Grade Finished Area: 1828
Cooling: Central Air
Heating : Central
Construction Materials: Brick Veneer
Foundation Details: Brick/Mortar
Basement Description : Daylight
Flooring : Carpet, Hardwood, Vinyl
Levels : Three Or More, Two
Special Listing Conditions: Standard
Street Address: 2209-2211 Morehead Avenue
City: Durham
State: North Carolina
Postal Code: 27707
County: Durham
MLS Number: 10102564
Year Built: 1960
Courtesy of Compass -- Chapel Hill - Durham
City: Durham
State: North Carolina
Postal Code: 27707
County: Durham
MLS Number: 10102564
Year Built: 1960
Courtesy of Compass -- Chapel Hill - Durham
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