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 historical residential properties and evolving commercial spaces. The site provides proximity to local amenities including the Lakewood Shopping Center and various independent dining and retail options along Chapel Hill Road. Transportation access is facilitated by immediate proximity to NC-147 and US-15, which connect the property to the broader Research Triangle region. Duke University and the Durham central business district are situated approximately two miles from the location. The property is suited for multifamily redevelopment or continued residential operations. The location typically attracts a tenant profile consisting of graduate students and university staff due to its proximity to Duke University’s West and Central campuses. Additionally, the site appeals to young professionals seeking rental housing near downtown Durham’s employment hubs. The surrounding infrastructure supports high-density residential use, catering to individuals looking for a neighborhood environment with direct access to urban transit corridors and local service amenities.

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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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