306 N Driver Street, Durham, NC 27703
306 S Driver Street
$200,000
Listing courtesy of Hodge & Kittrell Sotheby's Int
$200,000

306 S Driver Street

5 Beds 2 Baths 1,431 Sq.Ft. 0.32 Acres

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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

Sold

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.
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Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms2
  • full bathrooms2
  • Flooring Hardwood, Vinyl

Area & Lot

  • Status Sold
  • Living Area1,431 Sq.Ft.
  • Total 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$200,000
  • Buyer Agency Compensation 2.4%
  • Real Estate Tax $1,196/yr
  • Zoning RES/ 1-FAMILY

Durham

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Contact Details

Email

[email protected]

Open hours

3200 Wake Forest Road #101 Raleigh, NC 27609 919.876.7411

Address

140 W. Franklin Street Suite 130 Chapel Hill, NC 27516 919.800.0799

CARY OFFICE
​​​​​​​169 E Chatham St
Cary, NC 27511
919.377.9799

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