506 Hyde Park Ave

Durham, NC 27703

Price $325,000
Beds 2
Baths 2.00
Sq.Ft. 1,505
Acres 0.18
Year 1925
DOM 45 Days

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Hyde Park
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506 Hyde Park Ave Durham, NC 27703

Price $325,000
Beds 2
Baths 2.00
Sq.Ft. 1,505
Acres 0.18
Year 1925
Days 45

Save
Social
Call

Details

Location

Streetview

Durham

Hyde Park

27703

Similar Homes

Status: CLOSED

House Hack Alert! Rare Duplex Find In Classic Downtown Durham Neighborhood. Live On One Side. In 13- 15 Months Rent It Out, And Repeat To Your Next Property. It Gets Even Better With An Owner Occupied Downpayment Of 3.5% Fha Or 5% Conventional. Plus, You Can Use The Current Rent To Qualify For The Loan! Welcome To This Stunning Duplex, A Rare Gem Near Downtown Durham! Perfectly Blending Modern Amenities With Classic Charm, This 2-bedroom, 2-bath Property Offers 1505 Sqft Of Meticulously Renovated Living Space. Step Into Side B To Explore Its Potential As A Comfortable Home Or Lucrative Investment. Side A, Currently Leased At $1075/month, Features A Total Renovation With Brand New Electrical, Plumbing, Floors, Cabinets, And Bathroom, Making It Move-in Ready. Both Units Benefit From Updated Individual Electrical Panels With Breakers And Grounding (2020), Ensuring Safety And Efficiency. Enjoy Year-round Comfort With A New Hvac System (2019) And New Ducts (2023). A New 50-gallon Hot Water Heater (2022) Ensures You'll Never Run Out Of Hot Water. Additionally, The Roof Was Replaced In 2024, Providing Peace Of Mind For Years To Come. Ideal For Homeowners And Investors Alike, This Duplex Presents A Fantastic Opportunity, Especially As An Owner-occupied Space. Live In One Unit While Generating Rental Income From The Other, Maximizing Your Investment Potential. This Duplex Is A Stone's Throw From The Vibrant Heart Of Durham, Offering Unparalleled Convenience And Potential. Viewings Will Be Focused On Side B, With Side A Available For Showing Upon An Acceptable Offer. A Full List Of All Renovations And Maintenance Can Be Found In The Documents. Don't Miss This Opportunity To Own A Piece Of Prime Real Estate In One Of The Most Desirable Locations In The City! I Have Preferred Lenders If You Need To Speak To Anyone About Qualifying Using The Rent To Decrease Your Debt To Income Ratio!

Home Details

506 Hyde Park Ave Durham, NC 27703

Status CLOSED
MLS® # 10035589
Price $325,000
Listing Date 06-13-2024
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,505
Acres 0.18
Year Built 1925
Type Residential
Sub-Type Duplex

Property History

Date 24/07/2024
Details Price Reduced (from $330,000)
Price $325,000
Change -5000 ($-1.54%)

Community Information For 506 Hyde Park Ave Durham, NC 27703

Address 506 Hyde Park Ave
Subdivision Hyde Park
City Durham
County Durham
State NC
Zip Code 27703

School Information

Elementary Durham Eastway
Middle Durham Neal
Higher Durham Northern

Amenities For 506 Hyde Park Ave Durham, NC 27703

Garages Off Street, shared Driveway, unpaved

Interior

Interior Features Laminate Counters, Smart Thermostat
Appliances Free-standing Electric Oven, free-standing Electric Range, free-standing Refrigerator, microwave
Heating Central, electric, heat Pump, natural Gas
Cooling Central Air
Fireplace Yes
# of Fireplaces 1

Exterior

Exterior Vinyl Siding
Roof Shingle
Foundation Pillar/Post/Pier

Additional Information

Date Listed June 13th, 2024
Styles Bungalow

Listing Details

Listing Office Coldwell Banker Advantage
Listing Phone 919-967-6363

Financials

$/SqFt $216

Description Of 506 Hyde Park Ave Durham, NC 27703

House hack alert! rare duplex find in classic downtown durham neighborhood. Live on one side. In 13-15 months rent it out, and repeat to your next property. It gets even better with an owner occupied downpayment of 3.5% fha or 5% conventional. Plus, you can use the current rent to qualify for the loan! welcome to this stunning duplex, a rare gem near downtown durham! perfectly blending modern amenities with classic charm, this 2-bedroom, 2-bath property offers 1505 sqft of meticulously renovated living space. Step into side b to explore its potential as a comfortable home or lucrative investment. Side a, currently leased at $1075/month, features a total renovation with brand new electrical, plumbing, floors, cabinets, and bathroom, making it move-in ready. Both units benefit from updated individual electrical panels with breakers and grounding (2020), ensuring safety and efficiency. Enjoy year-round comfort with a new hvac system (2019) and new ducts (2023). A new 50-gallon hot water heater (2022) ensures you'll never run out of hot water. Additionally, the roof was replaced in 2024, providing peace of mind for years to come. Ideal for homeowners and investors alike, this duplex presents a fantastic opportunity, especially as an owner-occupied space. Live in one unit while generating rental income from the other, maximizing your investment potential. This duplex is a stone's throw from the vibrant heart of durham, offering unparalleled convenience and potential. Viewings will be focused on side b, with side a available for showing upon an acceptable offer. A full list of all renovations and maintenance can be found in the documents. Don't miss this opportunity to own a piece of prime real estate in one of the most desirable locations in the city! i have preferred lenders if you need to speak to anyone about qualifying using the rent to decrease your debt to income ratio!

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This beautiful 2 beds 2.00 baths home is located at 506 Hyde Park Ave Durham, NC 27703 and is listed for $325,000. The home was built in 1925, contains 1505 sqft of living space, and sits on a 0.18 acre lot. This Residential home is priced at $216 per square foot and has been on the market since June 13th, 2024. with sqft of living space.

If you'd like to request more information on 506 Hyde Park Ave Durham, NC 27703, please call us at 919-249-8536 or contact us so that we can assist you in your real estate search. To find similar homes like 506 Hyde Park Ave Durham, NC 27703, you can find other homes for sale in Durham, the neighborhood of Hyde Park, or 27703 click the highlighted links, or please feel free to use our website to continue your home search!

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Home Details

506 Hyde Park Ave Durham, NC 27703

Status CLOSED
MLS® # 10035589
Price $325,000
Listing Date 06-13-2024
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,505
Acres 0.18
Year Built 1925
Type Residential
Sub-Type Duplex

Property History

Date 24/07/2024
Details Price Reduced (from $330,000)
Price $325,000
Change -5000 ($-1.54%)

Community Information For 506 Hyde Park Ave Durham, NC 27703

Address 506 Hyde Park Ave
Subdivision Hyde Park
City Durham
County Durham
State NC
Zip Code 27703

School Information

Elementary Durham Eastway
Middle Durham Neal
Higher Durham Northern

Amenities For 506 Hyde Park Ave Durham, NC 27703

Garages Off Street, shared Driveway, unpaved

Interior

Interior Features Laminate Counters, Smart Thermostat
Appliances Free-standing Electric Oven, free-standing Electric Range, free-standing Refrigerator, microwave
Heating Central, electric, heat Pump, natural Gas
Cooling Central Air
Fireplace Yes
# of Fireplaces 1

Exterior

Exterior Vinyl Siding
Roof Shingle
Foundation Pillar/Post/Pier

Additional Information

Date Listed June 13th, 2024
Styles Bungalow

Listing Details

Listing Office Coldwell Banker Advantage
Listing Phone 919-967-6363

Financials

$/SqFt $216

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