1208 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 with separately-metered, tenant-paid utilities. Each unit features hardwood floors, granite countertops, stainless steel appliances, tile tub surrounds, and in-unit laundry hookups. Separate entrances, individual porches, separate water heaters per unit, and off-street parking round out this well-appointed, low-maintenance asset. Roof is in great condition. Currently generating $2,670/month ($32,040/year) in gross rent with both tenants eligible for auto-renewal. Professionally managed and well maintained. Positioned 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 ensures consistent rental demand. This property is being offered as a package with 1214 Rosedale Avenue (MLS #10164203; listed at $406,000) for a combined asking price of $820,000. This is an uncommon opportunity to acquire two turnkey income-producing duplexes on the same street.