901 E Trinity Ave, Durham, N

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901 E Trinity Ave, Durham, N

Durham, NC 27704
Asking Price
$650K
Asset Type
Retail
Class
Class B

What's Special

901 E Trinity Ave is located in the Cleveland-Holloway neighborhood of Durham, North Carolina, situated northeast of the downtown core. The property sits at the corner of East Trinity Avenue and Elizabeth Street, offering proximity to residential neighborhoods and local landmarks like the Durham Central Park district. The location is served by GoDurham bus routes, providing public transit connectivity to the surrounding area. Nearby amenities include a mix of local cafes, small businesses, and community parks within walking distance. The asset is suited for local-serving retail uses, such as a boutique shop, specialty grocery, or service-oriented business. Given the high walkability and residential density of the surrounding neighborhood, the property typically attracts tenants focused on community engagement and daily consumer needs. The layout supports small-scale commercial operations seeking visibility within an established urban residential market.

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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856

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