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About This Home
This 3-bedroom, 1-bathroom single family at 314 Wake Place in Durham, NC is listed for $415,000 ($324 per sqft). Built in 1920, the home offers 1,281 sqft of living space on a 0.11 acres lot.
**INVESTOR ALERT in the Heart of Durham!** This charming 3-bedroom, 1-bath bungalow offers endless possibilities for investors and homeowners alike. Currently tenant-occupied at $1,850/month, the property is being successfully operated as a full-time Airbnb with a long, proven history of strong rental performance and consistent income.
Keep the current tenant in place and start generating immediate cash flow, continue its use as a short-term or long-term rental, or make it your own personal residence. The fenced backyard provides plenty of space for pets, entertaining, gardening, or simply relaxing outdoors.
Ideally situated in a vibrant Durham location, you'll enjoy being within walking distance of popular restaurants, local breweries, and neighborhood parks. Plus, you're just a 4-minute drive from the Durham Performing Arts Center (DPAC) and Durham Bulls Athletic Park. Whether you're looking to expand your investment portfolio or find a home in a highly desirable location, this property offers flexibility, income potential, and exceptional convenience. The possibilities are endless!
Key Features
- Built in 1920
- 0.11 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,220/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
314 Wake Place
Durham, NC 27701
Not in a Subdivision
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom single family at 314 Wake Place is listed at $415,000 ($324/sqft). The estimated monthly payment is $1,798 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.11 acre lot. Interior Features: Ceiling Fan(s). Exterior Features: Fenced Yard, Rain Gutters.
This property is listed by Colleen Patricia Pirozzi and can be reached at 9198668668 or pirozzic@hpw.com.