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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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311 Lyric St , Durham, NC 27701
$550,000
Est. Payment: $1,222.22/mo
6 Bed
3 Bath
2510 Sqft
Status: Active | Days on site: 0
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75688 - 100764
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House Description

Income-producing triplex in Durham's desirable 27701 zip code! The property offers three 2-bedroom, 1-bath residences totaling approximately 2,510 square feet on a 0.22-acre lot. Units A and C feature identical floor plans, with Unit B offering a mirrored layout. Each residence includes its own entrance, defined living and dining spaces, a functional kitchen, two bedrooms and one full bath upstairs. Additional features include off-street parking and outdoor space. Two units are currently leased, providing established rental income, while vacant Unit C is available for showings and offers flexibility for a new tenant or potential owner-occupant. Individual entrances, outdoor space and off-street parking complete the property. Conveniently positioned near Downtown Durham, Duke University, dining, entertainment and major commuter routes, an excellent opportunity to acquire a three-unit multifamily asset in a growing Durham location. Recent Upgrades and Details: Washer/dryer hookups in each unit • Water heaters: 2026, 2026 and 2002 • Individual HVAC systems: 2014, 2000 and 2009

Highlights

Listed by Shikha Anand , 917-331-3161 Compass -- Raleigh , 919-726-6548.

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

1985

County

Durham

Neighborhood

Not in a Subdivision

Listing ID

10192976

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:3
  • Full Bathrooms:3
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Vinyl
Above Ground Sq Ft:2510
Below Ground Sq Ft:0
Water:Public

Exterior Features

Zoning:RM-12
Roof:Shingle
Sewer:Public Sewer
Parking Features:Gravel,Unpaved
Principal Interest
$1,222
Taxes
$339

Home Price

$550,000

Loan Details

30 yrs
%

Down Payment

20%
$110,000
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Monthly Price:
$1,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,222.22 $339.08 $0.00 $1,561.31
Yearly $14,666.67 $4,069.00 $0.00 $18,735.67
Total $440,000.00 $122,070.00 $0.00 $562,070.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Durham, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.