$350,000
Bedrooms
2
Baths
Sq. Feet
1505
Year Built
1925
Days On Market
24
$/SqFt
$233
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Home Description: 506 N Hyde Park Ave Ave
INVESTOR ALERT! An ideal opportunity for owner occupied. Plus, you can use the current rent to qualify for the loan! Welcome to this stunning duplex, a rare gem near downtown Durham! Perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space. Step into Side B to explore its potential as a comfortable home or lucrative investment. Side A, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new HVAC system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come. Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of Durham, offering unparalleled convenience and potential. Viewings will be focused on Side B, with Side A available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city! I have preferred lenders if you need to speak to anyone about qualifying using the rent to decrease your debt to income ratio!
Available now at $350,000
Neighborhood
The average asking price of a 2 bedroom Durham home in this zip code is $428,427 (22.4% more than this home).
This home is priced at $233/sqft, which is 26.8% less than similar homes in the 27703 zip code.
Map Map | Street Street | Birds Eye Birds Eye
506 N Hyde Park Ave Ave Durham NC 27703
Similar to: 506 N Hyde Park Ave Ave
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Area Stats
These statistics are updated daily from the Triangle Multiple Listing Services, Inc. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (919) 271-9069 and speak with one of our real estate consultants.
Listing Courtesy of Coldwell Banker Advantage. For information or to schedule a viewing of this property (MLS# 10035589) located at 506 N Hyde Park Ave Ave Durham NC 27703, call: 919 271 9069
506 N Hyde Park Ave Ave, Durham NC is a single family home of 1505 sqft and is currently priced at $350,000 . This single family home has 2 bedrooms. A comparable home for sale at 405 N Hyde Park Ave in Durham is listed at $559,900. This home on 506 N Hyde Park Ave Ave has not had a price change. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Durham, NC. Brentwood, Copley Farm and Mulberry Park are nearby neighborhoods. MLS 10035589 has been posted on this site since 6/14/2024 (today).
Same day showings available 7 days / week8am - 9pm
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