107 & 109 Hilton Ave

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107 & 109 Hilton Ave

Durham, NC 27707
Asking Price
$1.20M
Asset Type
Multifamily
Class
Class B

What's Special

107 and 109 Hilton Avenue are located in the Lakewood neighborhood of Durham, North Carolina. This area is characterized by a mix of historic residential architecture and recent commercial revitalization. The property is situated within a half-mile of the Chapel Hill Road corridor, providing proximity to local restaurants, grocery stores, and retail shops. Public transit access is available via multiple nearby GoDurham bus stops, and the site offers direct connectivity to the Durham Freeway, linking the property to Duke University and the downtown core. These multifamily assets are suited for long-term rental operations or small-scale portfolio expansion. The location facilitates a tenant profile consisting primarily of students, healthcare professionals, and researchers due to its proximity to Duke University Hospital and the West Campus. Additionally, the neighborhood attracts young professionals seeking walkable access to Lakewood’s dining district and commuters requiring efficient transit routes to the Research Triangle Park. The units serve as standard residential accommodations within a transitional urban residential zone.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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