About 306 N Driver Street
This old historic home has been converted into a rooming house. The manager lives in the property. Three large bedrooms rooms each rent for $160/week ($640/month) and the two smaller bedrooms each rent for $135/week ($540/month) for a total of $3,000/month. A feasibility study (see attachments) was completed showing the additional units that can be built in the enormous backyard. Recently passed SCAD (SEE ATTACHED) (Simplifying Codes for Affordable Development) will allow for higher density development with less hurdles to jump through (effective 1/1/2024). This property has so much potential!
Features of 306 N Driver Street
| MLS® # | 2524804 |
|---|---|
| Price | $320,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,431 |
| Acres | 0.32 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 306 N Driver Street |
|---|---|
| Subdivision | The Driver Lands |
| City | Durham |
| County | Durham |
| State | NC |
| Zip Code | 27703 |
Amenities
| Parking | Off Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric, Floor Furnace, Natural Gas, Space Heater |
|---|---|
| Cooling | Central Air, Window Unit(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Construction | Wood Siding |
|---|---|
| Foundation | Brick/Mortar |
School Information
| Elementary | Durham - Y E Smith |
|---|---|
| Middle | Durham - Neal |
| High | Durham - Southern |
Additional Information
| Date Listed | August 2nd, 2023 |
|---|---|
| Zoning | RU-5(2) |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Elite Realty |
|---|