1214 Rosedale Ave, Durham, NC 27707

Property Description

Turnkey brick duplex in Durham's sought-after Lakewood Park neighborhood offering immediate cash flow. Both units are occupied, have separately-metered, tenant-paid utilities, and both deliverer quality finishes that attract and retain tenants. The front unit features hardwood floors, granite countertops, and stainless steel appliances, while the rear unit offers updated laminate flooring, granite-style countertops, and stainless appliances. Separate entrances, individual porches, in-unit laundry hookups, separate water heaters per unit, and off-street parking round out this well-maintained, low-maintenance asset. This duplex is currently generating $2,400/month ($28,800/year) in gross rent with both units occupied. Located just 6 minutes from downtown Durham, 4 minutes from Duke University, 16 minutes from RDU International Airport, and 18 minutes from Chapel Hill, this location is prime for growth and ensures consistent rental demand. This property is being offered as a package with 1208 Rosedale Avenue (MLS #10164082, listed at $414,000) for a combined asking price of $820,000. This is an uncommon opportunity to acquire two turnkey income-producing duplexes on the same street.