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1500 Lakeland St
Durham, NC 27701
Asking Price
$50K
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 0.54 acres <ul><li>In-place RS-M zoning which allows for up development of up to 18 units per acre</li><li>Located minutes from North Carolina Central University and Downtown Durham</li><li>Municipal utilities located within Lakeland Street</li><li>Adjacent to McDougal Terrace (planned redevelopment for ±600 affordable housing units)</li></ul>
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NOI
$80,000
Cap Rate
160.00%
DSCR
26.95
Strong
Cash-on-Cash
513.54%
Monthly Payment
$247.373
Annual Cash Flow
$77,031.527
