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Summit Connection, LLC

$9,990

 

0.11 Acre Lot for Sale
901 Linwood Avenue, Durham, NC 27712

Great investment opportunity. This buildable lot is assessed at $14,484, almost twice the sales price which is only $7,990.  The lot is in a neighborhood just north of North Carolina Central University (NCC).  The University is embarking on a four phase acquisition and development project that will include 136 properties, many of which are very close to this lot. The development includes the construction of library, student center, and dormitories.  This development will significantly raise the value of real estate in this area.  Whether you buy and sell this lot in a couple of years or build on it and rent it out, it has the potential for a very good return. 

The following is a link to the expansion plan:
http://media.newsobserver.com/content/news/higher_education/story_graphics/20080209_nccu.jpg

Driving Distances:

   1 minute from NCC
   5 minutes from Downtown
   10 minutes from Duke, 85 


Association Fees: No Association, no fees, no rules.  

For map click here.

For aerial view click here.


Zoning: RU-5(2)

Utilities: Public water, public sewer, electrical lines.

Parcel ID: 118078

Annual Tax:  $180.77

Surface: Clear and level.

Dimensions: 50 x 100 sqf

Road: Paved


Schools:

Elementary School: W.G. Pearson
Middle School:        Roger Herr
High School:           Hillside

Financing:

Will consider some seller financing at a higher price.  $100 higher for every $1,000 of financing.

Brokers: 3% Commission

Contact:

Summit Connection, LLC
(703) 404-8429, bruce@mcbarnette.com
248 Willow Terrace
Sterling, VA 20164


 

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