306 N Driver Street Durham , NC 27703

Courtesy of Hodge & Kittrell Sotheby's Int, Sheri Hagerty.

Description

5 Beds
2 Baths
1,431 Sqft
13,939 Sqft lot
0.32 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1900
Neighborhood: Not In A Subdivision
Days on Website: 67
Don't miss this incredible opportunity for development in the East Durham Historic District, less than two miles from downtown Durham. This historic home currently operates as a rooming house with five income generating bedrooms sharing two full baths and yielding approximately $3,000 a month. However, with the 2024 changes to the Durham UDO and the affordable housing bonus program, there is now considerable opportunity for a myriad of unique development options on this nearly-.32 acre lot. A feasibility study was completed in May 2023 in anticipation of the then-proposed UDO revisions, which study provides a diverse range of potential options, including multi-story development, for this property.

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Property Details and Features

Contact an Agent

919 380 8066

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