About 1614 Fayetteville Street
One of the best turnkey investment properties you can find with solid and reliable income. This quadplex / fourplex property is known for attracting high-quality tenants and has a proven history of quick occupancy & stable rental payments. All 4 units have HVAC systems in good running condition, recently serviced for optimal performance. The house was completely rebuilt from tear-down to studs when purchased by the owner. Property has been kept in top shape. Recent termite inspection done with clean result. Always rents quickly to high-quality tenants, with no evictions or late payments in the past 5 years. Total Rent income: $4,328. (Unit A: lease to 5/31/25, $1,128; Unit B: lease to 6/30/25, $1,050; Unit C: Tenant moved out on 05/31/24, new rent target $1,050/month; Unit D: Tenant moved out on 6/25/24 due to job relocation, new rent target $1,100/month.) This property has been professionally managed. However, investor buyer can also choose to self-manage or hire any other property management company.
Features of 1614 Fayetteville Street
| MLS® # | 10033074 |
|---|---|
| Price | $651,800 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,993 |
| Acres | 0.21 |
| Year Built | 1959 |
| Type | Residential |
| Sub-Type | Quadruplex |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 1614 Fayetteville Street |
|---|---|
| Subdivision | Not in a Subdivision |
| City | Durham |
| County | Durham |
| State | NC |
| Zip Code | 27707 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Electric Cooktop, Microwave, Oven, Refrigerator, Washer |
|---|---|
| Heating | Heat Pump |
| Cooling | Ceiling Fan(s), Central Air, Heat Pump |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Bi-Level |
| Has Basement | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Other |
| Foundation | Raised |
School Information
| Elementary | Durham - Spaulding |
|---|---|
| Middle | Durham - Brogden |
| High | Durham - Jordan |
Additional Information
| Date Listed | May 30th, 2024 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Southern Properties Group Inc. |
|---|