Off-Market Property at 1310 Martin Luther King JR Pkwy, Durham, NC, 27707
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1310 Martin Luther King JR Pkwy, Durham, NC, 27707

$875,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $221 per day and long-term for an average of $2,404 per month, based on similar listings in the area. Estimated short-term cap rate of -1.7%. Estimated long-term cap rate of -3.6%. Welcome to this stunning 1970s custom cabin home, nestled on a sprawling 3-acre lot, the largest in the neighborhood, in one of the hottest areas in Durham. Inside, discover the breathtaking great room, featuring a floor-to-ceiling wall of windows that flood the space with natural light, high ceilings, and a magnificent floor-to-ceiling custom stone surround fireplace, creating a cozy and inviting ambiance. The beautiful kitchen is a chef's delight, boasting a breakfast bar, ample cabinet and counter space, a skylight, and a dining area, perfect for enjoying meals with loved ones. Retreat to the primary bedroom, complete with high ceilings, double doors leading out to the expansive wrap-around deck, and an ensuite bathroom for added convenience. Outside, the property is surrounded by tall pine trees, offering privacy and tranquility, making it a perfect escape from the hustle and bustle of city life. Enjoy the convenience of the great location, with easy commuting and less than 10 minutes from downtown Durham. Don't miss the opportunity to make this gorgeous piece of land your own. Schedule a showing today and experience the beauty and serenity it has to offer.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4551
Bedrooms
4
Bathrooms
3
SQFT
2,291
Furnished
unknown
Year built
1979
Listing Status
Off Market
MLS
10024264

Short-term Rental Potential
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$45,396

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$381

Price/SQFT

Long-term Rental Potential
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$28,848

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,404/mo

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