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217 Hood St (Mixed-Use) 217 Hood St 4 Unit Apartment Building £1,055,825 (£263,956/Unit) 6.21% Net Initial Yield Durham, NC 27701
INVESTMENT HIGHLIGHTS
- Downtown Walkable Location
- Stabilized Income Producing Asset
- Unique Mixed-Use Property
EXECUTIVE SUMMARY
A rare opportunity to own a one-of-a-kind, fully renovated mixed-use building in the heart of Downtown Durham in a highly walkable location. Located in the highly sought-after Design District (DD-S1), 217 Hood Street seamlessly blends historic charm with modern design. The property features four beautifully finished 2-bedroom residential units and a third-floor commercial office suite, all thoughtfully crafted with high-end finishes and timeless architectural details.
The third-floor suite is currently leased to BETTER (owned and operated by the seller) through 3/31/2026 and includes a full kitchen, two private offices, a conference room, and two ADA-compliant bathrooms. Rent and extension terms are negotiable, offering flexibility for investors or owner-occupants.
The building has been meticulously restored to provide both comfort and character. Each residential unit boasts hardwood floors, designer kitchens, custom tilework, in-unit laundry, and private outdoor space, including expansive porches and balconies—delivering a level of quality rarely found in multifamily assets.
The third-floor suite is currently leased to BETTER (owned and operated by the seller) through 3/31/2026 and includes a full kitchen, two private offices, a conference room, and two ADA-compliant bathrooms. Rent and extension terms are negotiable, offering flexibility for investors or owner-occupants.
The building has been meticulously restored to provide both comfort and character. Each residential unit boasts hardwood floors, designer kitchens, custom tilework, in-unit laundry, and private outdoor space, including expansive porches and balconies—delivering a level of quality rarely found in multifamily assets.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1 | 4 | - | 835 |
1 1
Walk Score®
Easily Walkable (82)
PROPERTY TAXES
| Parcel Number | 102875 | Total Assessment | £833,276 |
| Land Assessment | £193,649 | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £639,626 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
102875
Land Assessment
£193,649
Improvements Assessment
£639,626
Total Assessment
£833,276
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2025
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217 Hood St (Mixed-Use) | 217 Hood St
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