1614 Fayetteville St Durham NC 27707 MLS 10033074

$651,800

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Home Description: 1614 Fayetteville St

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.