204 E Lynch St Durham NC 27701 MLS 10057502

$400,000

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Home Description: 204 E Lynch St

Explore an exceptional investment opportunity or the chance to own a cherished single-family home in the lively heart of Durham, NC. This charming 1930s residence offers 1,204 square feet of thoughtfully arranged living space, including three bedrooms, one and a half bathrooms, a dining room, kitchen, and a breezeway leading to an unfinished basement with laundry facilities. The home features original hardwood floors in the main living areas, a decorative fireplace, and laminate flooring in the kitchen with its original cabinetry. Currently, the property is tenant-occupied with a lease that expires on June 30th, 2025, generating a monthly rental income of $1,020. Recent updates include a dishwasher replaced in 2019, a washing machine in 2020, and a new gas stove and gas dryer installed in January 2023. Additionally, the main water line connecting the water meter to the house was replaced earlier this summer. Having served as a rental since its purchase in 2003, this property is now available as an estate sale.