1614 Fayetteville Street Durham, NC 27707

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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, 378. (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 tenant to be secured at $1, 100/month within a week or two; Unit D: Tenant moving out on 6/29/24 due to job relocation, new tenant to be secured at $1, 100/month within a week or two.) This property has been professionally managed. However, investor buyer can also choose to self-manage or hire any other property management company. Owner is selling for buying a commercial property. Other 3 properties seller also listed for sale are: 109 N Blacknall St, Durham, NC 27703; 3615 Ranbir Dr, Durham, NC 27713; 1512 Arapahoe Ridge Dr, Raleigh, NC 27604. If anyone is doing 1031 exchange and interested in one or more properties from seller, please contact listing agent for more details.