1733 Morehead Ave, Durham, NC 27707-1122

This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 1733 Morehead Ave, Durham, NC 27707. Built in 1960, this two-story Class B property boasts 100% occupancy, generating a strong net operating income (NOI) of $23,896, translating to a 3.19% capitalization rate. The asking price is $750,000, representing a price per unit of $187,500. The property is classified as a stabilized, owner-user investment, offering immediate cash flow and potential for future appreciation. Situated in Durham County, this property benefits from a desirable location within the city of Durham. The building consists of one structure with four units, providing a manageable and efficient investment portfolio. This is a rare opportunity to acquire a fully occupied multifamily property in a thriving North Carolina market, presenting a compelling value-add proposition for discerning investors seeking strong returns and stable income. The property's current high occupancy rate and solid NOI make it an attractive investment, with potential for further value enhancement through strategic improvements and management. The property's location in Durham, NC offers access to a growing population and robust rental market.