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Ken Cannon

903 Clarendon Street

$549,000 903 Clarendon Street, Durham, NC 27705
Ever dreamed of owning a rental property in Durham? Well this quadplex of all 1Br/1Ba units may be the opportunity you've been waiting for. Not too big (manageable size for first time landlords.) Not too small (4 units means more—and more stable—income.) 100% occupancy rate. Each private unit has its own kitchen, bathroom and central air. Shared coin-op laundry. Owner pays for water, which averages $100/month. (Tenants pay for electricity and gas.) Located one block from Duke East Campus and close to Whole Foods and the 9th St. Covered bike rack around back. The tenants love it and may be interested in extending their current lease terms if possible. Two leases thru May 2023. Two thru July 2023. $3501/mo. gross rental revenue. See floor plans posted in photos. 24 hours notice required before showings.
  • Sold
    Status
  • 1910
    Year Built

Features & Amenities

Area & Lot

  • Status: Sold
  • MLS® ID: 2467932
  • Type: Multi-Family
  • Year Built: 1910
  • Neighborhood: Durham
  • Elementary School:Durham - E K Powe
  • Middle School: Durham - Brogden
  • High School: Durham - Riverside

Interior

  • Flooring: Wood

Exterior & Building

  • Water Source: Public
  • Parking: None
  • Heat Type: Floor Furnace, Gas Pack, Natural Gas
  • Air Conditioning: Central Air, Electric, Gas
  • Sewer: Public Sewer
  • Substructure: Vinyl Siding

Financial

  • Sales Price: $549,000
  • Real Estate Tax: $3,052/yr

903 Clarendon Street

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