208 Geer Street
Durham, NC 27701Brick duplex near downtown Durham offering a value-add opportunity in the path of progress near Durham's thriving and diverse economic core. Built in 1958, the one-story duplex features identical 2-bed, 1-bath floor plans and sits on a large, deep lot of .26 acres. The land offers the potential to realize significant value creation. It allows for multiple expansion opportunities to the existing building, the building of an ADU, or potentially redevelopment with additional units. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions. The current rents are below market and could be raised to $1,400-$1,500 per unit with strategic renovations and updates. Unit A = $1,095. Unit B = $940 (tenant 10+ years)
$395,000
4 bedrooms
2 full bathrooms
0.26 acres
1,490 square feet
$265 per square foot
Additional Property Information
- TypeDuplex
- Built1958
- NeighborhoodNot in a Subdivision
- CountyDurham
- AreaDurham
- Elementary School
- Middle School
- High School
Listing courtesy of Deaton Investment Real Estate. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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Find your amount- Exterior Features
- Interior Features
- Property Features
- Construction Materials Brick
- Lot Size Acres 0.26
- Parking Features Off Street
- Above Grade Finished Area 1,490
- Cooling Window Unit(s)
- Cooling Y/N Yes
- Flooring Tile, Vinyl, Hardwood
- Heating Electric
- Heating Y/N Yes
- Tax Annual Amount 2579
- Water Source Public
- Year Built 1958
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