306 S Driver Street

306 N Driver Street, Durham, NC 27703

306 S Driver Street

$299,000

306 S Driver Street

5 Beds 2 Baths 1,431 Sq.Ft.

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Description

Don't miss this incredible opportunity for development in the East Durham Historic District, less than two miles from downtown Durham. This historic home currently operates as a rooming house with five income generating bedrooms sharing two full baths and yielding approximately $3,000 a month. However, with the 2024 changes to the Durham UDO and the affordable housing bonus program, there is now considerable opportunity for a myriad of unique development options on this nearly-.32 acre lot. A feasibility study was completed in May 2023 in anticipation of the then-proposed UDO revisions, which study provides a diverse range of potential options, including multi-story development, for this property.

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Location

306 N Driver Street, Durham, NC 27703

Status

For Sale

Features & Amenities

Interior

total bedrooms5
Total bathrooms2
full bathrooms2
Flooring Hardwood, Vinyl

Area & Lot

Status For Sale
Living Area1,431 Sq.Ft.
Lot Area0.32 Acres
MLS® ID10079324
TypeResidential
YEAR BUILT1900
NeighborhoodDurham
Architecture StylesBungalow
Elementary SchoolDurham - Y E Smith
Middle SchoolDurham - Brogden
High SchoolDurham - Riverside

Exterior

STORIES1
water SourcePublic
utilitiesElectricity Connected, Natural Gas Connected, Water Connected
roofAsphalt, Shingle
lot featuresLevel, Rectangular Lot
parkingOn Street
HEAT TYPEElectric, Natural Gas
AIR CONDITIONINGCentral Air, Window Unit(s)
sewerPublic Sewer
SubstructureBrick/Mortar

Financial

Sales Price$299,000
Buyer Agency Compensation 2.4%
Real Estate Tax $1,196/yr
Zoning RES/ 1-FAMILY

LISTING AGENT

Sheri Hagerty

Broker

She combines an insider’s knowledge of the market with an extraordinary work ethic and a singular commitment to customer service.

Contact

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Thank you for your interest in 306 N Driver Street, Durham, NC 27703. We are reviewing your request and will be in touch shortly!

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