217 Hood St (Mixed-Use) 217 Hood St Immeuble residentiel 5 lots 1 186 446 € (237 289 €/Lot) Taux de capitalisation 6,93 % Durham, NC 27701

Lease renewal at market rate, bringing this opportunity up to a 6.9% CAP Rate! 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 classic 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 2/29/2028 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.