1107 Camden ave - Apartments FOR SALE


Durham, NC 27701- Northeast Durham
$585,000 USD
919-680-1555
1107 Camden ave, Durham, NC for Sale
$585,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1107 Camden ave
Durham, NC 27701
Northeast Durham


HIGHLIGHTS

  • Entire new-construction building with one upper and one lower condo
  • Projected rental income of $3,500–$3,800 monthly
  • Near Downtown Durham and Duke University with no rental restrictions in the HOA documents

OVERVIEW

Opportunity to acquire an entire new-construction building at 1107 Camden Avenue in Canopy Crossings, a design-forward community in historic Duke Park near Downtown Durham. The offering includes both 1107A and 1107B—one upper and one lower condo—offered together for $585,000. Each 792-square-foot residence features two bedrooms, two bathrooms and two dedicated parking spaces, for a combined 1,584 square feet. Projected rents are $1,750–$1,900 per unit monthly, generating potential portfolio income of $3,500–$3,800 per month or $42,000–$45,600 annually. Thoughtfully designed floor plans, contemporary finishes, modern architectural details and an efficient use of space support strong renter appeal. The HOA documents contain no rental restrictions. The community offers convenient access to Downtown Durham, Duke University, Duke Park and the area’s employment, dining and entertainment destinations.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

2

PRICE/UNIT

$292,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canopy Crossings Two-Unit Condo Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-12

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Charles UmsteadCompass RealtyMore Info
919-680-1555

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Charles UmsteadCompass RealtyMore Info
919-680-1555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.