Durham, NC 27701
$902,000
Opportunity to acquire three new-construction condos across two buildings in Canopy Crossings, a design-forward community in historic Duke Park near Downtown Durham. The portfolio includes the entire two-unit building at 1107 Camden Avenue—consisting of one upper and one lower condo—plus 1103A Camden Avenue in a neighboring building. Units 1107A and 1107B each offer 792 square feet, 2 bedrooms and 2 bathrooms, while 1103A offers 1,536 square feet, 3 bedrooms and 2.5 bathrooms. The portfolio totals 3,120 square feet, 7 bedrooms, 6.5 bathrooms and 6 dedicated parking spaces. Projected rents are $1,750-$1,900 per unit monthly, providing potential portfolio income of $5,250-$5,700 per month or $63,000-$68,400 annually. Offered at $902,000, the portfolio provides an estimated gross rental yield of approximately 7.0%-7.6%. The homes feature thoughtfully designed layouts, contemporary finishes and modern architectural details. The HOA documents contain no rental restrictions. Canopy Crossings is conveniently located near Downtown Durham, Duke University, Duke Park and the area's employment, dining and entertainment destinations.
Questions on 1103 Camden Avenue, Durham, NC 27701, or want to see it in person?
Listed by Johnny Chappell, Compass -- Raleigh
APEX NEIGHBOURHOODS
CHAPEL HILL NEIGHBORHOODS
DURHAM NEIGHBORHOODS
HILLSBOROUGH NEIGHBORHOODS
MORRISVILLE NEIGHBORHOODS
CHATHAM COUNTY
BURLINGTON
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