1404 Gearwood Avenue, Durham, NC 27701

$295,000 Asking Price

3 beds
2 baths
1,925  sqft
Built in 1943

Attention investors! Exceptional opportunity awaits in a highly sought-after neighborhood close to Downtown Durham. This property presents two distinct avenues for potential buyers: restore this charming house to its original glory targeting a $600,000 ARV, or build a new home in an area where prices are exceeding $900,000, providing significant potential for return on investment. Property sold as is.


Features & Amenities

Interior

Flooring:
Vinyl
A/C:
true, Central Air
Heating:
true, Electric, Heat Pump

Exterior

Style:
Traditional

Construction

Roofing:
Shingle
General:
Asbestos, Two, Other

Location

Originating MLS:
Triangle MLS
County:
Durham

Lot

Zoning:
110745

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Triangle MLS

This listing courtesy of:
RIG REAL ESTATE LLC, Mark C France

About Durham, NC

Housing

Number of Units
136,283
Median Home Value
$266,404
Median Rent
$979

46.36% of housing units are renter occupied.

6.89% are vacant.

Commute

Car
62.99%
Public Transportation
2.57%
Walk to Work
1.62%
Work from Home
31.61%
Other
0.70%

The median travel time to work is 17 minutes.

People

Population
312,233
Median Age
36.80
Median Household Size
2.52

Education

High School
17.62%
Associate’s Degree
7.01%
Bachelor’s Degree
25.77%
Graduate Degree
23.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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