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114 and 118 Hunt Street
Durham, NC 27701
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 0.86 acres <ul><li>Favorable Downtown Design-S1 zoning designation</li><li>Core Downtown Durham location walkable to employment and amenities</li><li>Strong mid-rise rents in the Downtown Durham submarket averaging $2.62 PSF</li><li>Robust urban townhome and condo sales averaging $698,550 ($377 PSF) and $730,887 ($553 PSF) within 3 miles of the site</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
