This is a great great opportunity to invest in 8 lots that are already subdivided. These are RU-5 lots and zoning allows for different options: Single family or Duplex (Durham UDO 6.4.2) where both of which can have an accessory dwelling (ADU) such as a detached garage with an apartment or guest house in the backyard. (Durham UDO 5.4.2). Each lot is estimated around 0.19 to 0.20 acres. These lots provide great opportunity to build spec homes or large rental portfolio (8 duplexes w/ ADU = 24 units, 4 beds each duplex side =64bedrooms). The seller is selling all 8 lots as a package. Bring your own builder or we have a builders for you. Addresses are 834 and go to 820 Old Oxford Road. Lots will need to be cleared. Survey has been completed. Total of about 1.54 acres with all 8 lots combined.
MLS# | 10081727 |
---|---|
Listing Type | For Sale |
Style | Farm or Ranch |
Sub-Type | Resale |
Status | Active |
Days On Site | 38 |
Listing Provided By | RE/MAX United | Jennifer Harris |
Acreage | 1.54 |
---|---|
Property View | Yes |
State | NC |
---|---|
County | Durham |
City | Durham |
Zip Code | 27704 |
Area | Durham |
Community Name | Not in a Subdivision |
School District | Durham - Northern |
Elementary School | Durham - Sandy Ridge |
Middle School | Durham - Lucas |
High School | Durham - Northern |
Listing VS Median (In Not in a Subdivision) | |
Price: $625,000 low | high Med: $415,000 On site: 38 low | high Med: 15 |