Great Investment Opportunity in the Heart of Durham!
Prime location just minutes from Downtown Durham and Duke University! This 4-unit multi-family property spans a little over 2,900 sqft and includes a great mix of (2) studios, (1) one-bedroom, and (1) two-bedroom units -- each with a full bath. Three units are currently rented month-to-month, and one unit is vacant, offering flexibility for investors or potential owner-occupants. Each unit has its own charm and layout, with shared coin-operated laundry and on-site parking.The property sits on a 1.12-acre RS-M zoned lot offering possibility for future development potential. There are no flood zones or stream buffers on site.RS-M zoning allows for a range of residential uses, including small-lot single-family homes. Based on minimum lot standards, the property may allow for four to five potential lots if subdivided according to Durham Planning and Development Department. Buyers should verify all development possibilities and requirements directly with the City of Durham. Supporting correspondence from the Planning and Development Department is available in the attached documents for review.