2301 Otis Street

Durham, NC 27707

$385,000
Last Sold Price
5
Beds
4
Baths
1,967 Sq. Ft.
$196 / Sq. Ft.
1,967
Sq. Ft.
$196
per Sq. Ft.

Description

Fully rented triplex w/ amazing proximity to Downtown Durham! Property professionally managed w/ total rent equaling $2,900.00 and everything already in place for a truly 'Hands-Off Investment' w/ instant cash flow. Property layout provides plenty of flexibility, either for personal use or investment purposes. Perfectly situated ''corner lot'' offers expansive driveway, off street parking, & possible room for expansion. Close proximity to bus-line & American Tobacco Trail for easy access to everything...Fully rented triplex w/ amazing proximity to Downtown Durham! Property professionally managed w/ total rent equaling $2,900.00 and everything already in place for a truly 'Hands-Off Investment' w/ instant cash flow. Property layout provides plenty of flexibility, either for personal use or investment purposes. Perfectly situated ''corner lot'' offers expansive driveway, off street parking, & possible room for expansion. Close proximity to bus-line & American Tobacco Trail for easy access to everything Durham has to offer! Tour the property right now w/ the interactive 3D Virtual Tour!
  1. Listed by Robert Hunt • Keller Williams Elite Realty

Property Details for 2301 Otis Street

View
Yes
Waterfront
No
Subdivision
Not in a Subdivision
LISTING UPDATED: 12/02/2024 05:37 PM

Property Details for 2301 Otis Street

StatusClosed
MLS #10054547
Days on Market41
Taxes$1,914 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1948
Lot Size0.19 AC / 8,276 SF
CountyDurham County

Building Information for 2301 Otis Street

Stories1Residences3Year Built1948Building Size-Lot Size0.19 AC / 8,276 SF

Property Information for 2301 Otis Street

Summary
Location and General Information
  • Zoning: R-5
  • Directions: 2301 Otis St, Durham, NC 27707
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.971796
  • Longitude: -78.906071
  • Road Surface Type: Asphalt
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $1,914.00
  • City Limits Of: Durham
  • City Limits YN: Yes
  • Lot Number: 11
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2025-08-30
  • Property Leased YN: Yes
  • Due Diligence Expiration Date: 2024-11-19
School Information
  • Elementary School: Durham - Spaulding
  • Middle Or Junior School: Durham - Shepard
  • High School: Durham - J D Clement Early College
Parking
  • Open Parking: No
  • Parking Features: Driveway
  • Carport: No
  • Attached Garage: No
  • Garage: No
Virtual Tour
Property
Lot Information
  • Building Area Total: 1967.0
  • Lot Features: City Lot, Corner Lot, Level
  • Architectural Style: Ranch
  • Total Other Area Sq Ft: 0
  • Other Structures: None
  • Parcel Number: 116110
  • Structure Type: Triplex
  • Sold PriceList Price: 0.96
Property and Assessments
  • New Construction: No
  • Photos Count: 40
  • Above Grade Finished Area Source: Appraiser
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: See Remarks
  • Fencing: None
  • Foundation Details: Other
  • Patio And Porch Features: Front Porch, Rear Porch
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: See Remarks, Triplex
Interior Features
  • Levels: One
  • Stories: 1
  • Fireplace Y N: No
  • Flooring: Linoleum, Wood
  • Cooling: Multi Units, Varies by Unit
  • Cooling?: Yes
  • Heating: Varies by Unit
  • Heating?: Yes
  • Laundry Features: See Remarks
  • Interior Features: See Remarks
  • Spa: No
  • Interior: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Driveway, See Remarks
  • Equipment: See Remarks, Driveway
  • Additional Equipment: Varies by Unit
Multi Family
Unit Information
  • Total Units: 3
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Other
  • TenantPays: Cable TV, Telephone
Units Information
Unit One
  • Unit One: Above Grade Finished Area: 834.0
  • Unit One: Actual Rent: 1100.0
  • Unit One: Baths Total: 2.0
  • Unit One: Beds Total: 2.0
  • Unit One: Kitchen: true
  • Unit One: Living Room: true
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Actual Rent: 1000.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 1.0
  • Unit Two: Kitchen: true
  • Unit Two: Living Room: true
  • Unit Two: Unit Type Total Rent: 725.0
  • Unit Two: WasherDryer Hookups: true
Unit Three
  • Unit Three: Above Grade Finished Area: 409.0
  • Unit Three: Actual Rent: 800.0
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Kitchen: true
Unit Four
  • Unit Four: Actual Rent: 0.0
  • Unit Four: Baths Total: 0.0
  • Unit Four: Beds Total: 0.0

Property History for 2301 Otis Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2301 Otis Street

Taxable ValueLand$29,650Additions$128,728Total$158,378
Tax Record2024$2,209 ($184 / month)
Home Facts
Baths2Total Finished SqFt2,080 SqFtAbove Grade Finished SqFt2,080 SqFtStories1Lot Size8,276 SqFtStyleDuplexYear Built1948ZoningRU-5CountyDURHAMAPN116110Fireplace TypeHas Fireplace

Schools near 2301 Otis Street

This home is within Durham Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Morehead Montessori
PublicPK to 5

C. C. Spaulding Elementary
PublicPK to 5

Sherwood Githens Middle
Public6 to 8

Charles E Jordan Sr High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Elite Realty

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