208 E Geer St, Durham, NC 27701

Brick duplex near downtown Durham offering a value-add opportunity in the path of progress near Durham's thriving and diverse economic core. Built in 1958, the one-story duplex features identical 2-bed, 1-bath floor plans and sits on a large, deep lot of .26 acres. The land offers the potential to realize significant value creation. It allows for multiple expansion opportunities to the existing building, the building of an ADU, or potentially redevelopment with additional units. Located in a rapidly evolving neighborhood, there are high-end, new construction homes in all directions. The current rents are below market and could be raised to $1,400-$1,500 per unit with strategic renovations and updates. Unit A = $1,095. Unit B = $940 (tenant 10+ years)