306 N Driver Street

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Address: 306 N Driver St, Durham, NC 27703, USA

Atlanta & Southeast + Apartment Buildings

Created date: September 11, 2024

Date last updated: September 12, 2024

Property 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!

Available

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$320,000
No. of Units:	5
Year Built:	1900
Lot Size:	1,431.00 Sq ft
Opportunity Zone:	No
Price per unit:	$64,000
Property Website	Click Here
Number of Bedrooms:	5
Number of Bathrooms:	2

Address: 306 N Driver Street, Durham, NC 27703, USA

Provided by:

Standard Status: Active

MLS Listing Number: 10051987
ID: 3yd-TRIANGLE-10051987

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