• 306 N Driver Street Durham, NC 27703

  • $320,000
  • 5
    Bed(s)
  • 2
    Baths
  • 1,431
    Sq Ft
  • 13939.2
    Sqft

This old historic home has been converted into a rooming house. The manager lives in the property. Three large bedrooms rooms each rent for $160/week ($640/month) and the two smaller bedrooms each rent for $135/week ($540/month) for a total of $3,000/month. A feasibility study (see attachments) was completed showing the additional units that can be built in the enormous backyard. Recently passed SCAD (SEE ATTACHED) (Simplifying Codes for Affordable Development) will allow for higher density development with less hurdles to jump through (effective 1/1/2024). This property has so much potential!

Property Type :

Residential Income

Subdivision :

The Driver Lands

County :

Durham

Style :

Residential Income

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Property Details

 

Bathroom Information

Total Baths: 2

Full Baths: 2

Flooring Information

Hardwood, Vinyl

Heating & Cooling

Heating: Electric, Floor Furnace, Natural Gas, Space Heater

Cooling: Central Air, Window Unit(s)

WaterSource: Public

Building Information

Year Built: 1900

Construction: Wood Siding

Exterior Features

Foundation Details: Brick/Mortar

Lot Information

Lot Size Area: 13939.2

Lot Size Units: Square Feet

Lot Square Feet: 13,939

Lot Acres: 0.32

Main Square Feet: 13939.2

Property Information

Property Type: Residential Income

Sub Type: Single Family Residence

SQ ft (Living Area): 1,431

Subdivision: The Driver Lands

Tax Information

Parcel Number: 0831641670

Annual Tax: $1168

Parking Information

Off Street

School Information

Elementary School: Durham - Y E Smith

Junior High School: Durham - Neal

Senior High School: Durham - Southern

Location Information

Direction: From downtown Durham take E Main street east. Right onto Driver St. Home is on the left.

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Nearby Home Value

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702 Virgil Road, Durham, NC,27703 $2,315,570 -- -- -- --
618 Virgil Road, Durham, NC,27703 $1,836,340 -- -- -- --
7690 Wake Forest Highway, Durham, NC,27703 $239,000 -- -- -- 2.83 Acres
716 Virgil Road, Durham, NC,27703 $400,000 -- -- -- 2 Acres
3000 Fenimore Street, Durham, NC,27703 $70,000 -- -- -- --
3022 Fenimore Street, Durham, NC,27703 $70,000 -- -- -- --
403 E End Avenue, Durham, NC,27703 $399,850 3 3 1,884 7405.2 Sqft
3121 Appling Way, Durham, NC,27703 $365,000 3 2 -- --
1602 Juniper Street, Durham, NC,27703 $852,465 3 3 3,353 6534 Sqft
2800-2809 Napoli Drive, Durham, NC,27703 $520,000 -- -- -- 4.42 Acres

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ByOwner last updated this listing 05/04/2024 @ 16:56

MLS: 2524804
LISTED BY: Aaron, Keller Williams Elite Realty
SOURCE: Triangle MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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