7
This property is pending
$320,000
5 Bed
2 Bath
1,431 Sqft
0.32 Acre Lot

306 Driver, Durham, North Carolina 27703

map-entry
  • Residential Income Property Type
  • 1 Days Time On Market
  • 1,431 Sqft Square Footage
  • Off Street Cars Garage
  • 1900 Year Built
Property Description

This old historic home has been converted into a rooming house. The manager lives in the property. Three large bedrooms rooms each rent for $160/week ($640/month) and the two smaller bedrooms each rent for $135/week ($540/month) for a total of $3,000/month. A feasibility study (see attachments) was completed showing the additional units that can be built in the enormous backyard. Recently passed SCAD (SEE ATTACHED)
(Simplifying Codes for Affordable Development) will allow for higher density development with less hurdles to jump through (effective 1/1/2024). This property has so much potential!

Basic Details
Residential Income
For Sale
2524804
$320,000
5
0
2
2
1,431 Sqft
1900
0.32 Acre
1
Single Family Residence
Active
Features
: Electric, Natural Gas, Floor Furnace, Space Heater
: Central Air, Window Unit(s)
: Off Street
: Hardwood, Vinyl
: Brick/mortar
Address Map
NC
Durham
Durham
27703
The Driver Lands
Driver
306
0
W79° 7' 19.2''
N35° 59' 17.4''
From downtown Durham take E Main street east. Right onto Driver St. Home is on the left.
N
Additional Info
Crawl Space
0 Sqft
269
Durham - Y E Smith
Durham - Southern
Durham - Neal
Active
0831641670
: Public Sewer
$0
: Wood Siding
Public
$1,168
Broker/Agent Info
Keller Williams Elite Realty
Aaron Stuart Moon
Agent info
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