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Listed by Griffin Associates REALTORS
$2,140,000
Est. payment /mo
3 Beds
3 Baths
1,184 SqFt
Active
2201 Tampa AVE Durham, NC 27705
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,184 sqft
Price per Sqft $1,807
Subdivision Not In A Subdivision
MLS Listing ID 10175586
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 2026
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Single Family Residence
Source Doorify MLS
Land Area 1184
Property Description
Price improved to $2,140,000 ($428,000/home). Five new-construction (2026) detached single-family homes near Duke University and Downtown Durham, offered as one portfolio: 2201 Tampa B, 2201 Tampa C, 2203 Tampa A, 2203 Tampa B and 2205 Tampa. Three homes leased July 2026 at $2,400, $2,500 and $2,400/month; two vacant homes ready to lease. Stabilized at current rents: $142,800/yr gross and $114,488 NOI after taxes and insurance (5.35% cap). Four 3 BR/3 BA homes and one 2 BR/2.5 BA. No shared walls, no HOA, 2 parking spaces on each lot, tenants pay all utilities. Low-maintenance new construction with strong Duke-area rental demand. 1031 exchange buyers welcome. Investor packet and rent roll available on request.
Location
State NC
County Durham
Community Not In A Subdivision
Area 0.05
Interior
Cooling Heat Pump
Flooring Luxury Vinyl
Fireplace No
Exterior
Parking Features On Site
Roof Type Architectural Shingle
Garage No
Building
Story Two
Foundation Block
Water Public
New Construction Yes
Others
Tax ID 243795
Acceptable Financing Cash, Conventional, Other, 1031 Exchange
Listing Terms Cash, Conventional, Other, 1031 Exchange
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