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Old 04-12-2012, 09:57 AM
 
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We are planning to relocate from NY to Durham with our 6 yr. old child. I am curious about whether any of the older homes in these areas rent out apartments? We need to live in an area with the convience of being walking distance to shopping/ commercial areas, so downtown would be great, but the only things i find online are the newly renovated lofts. These look amazing but are out of our price range. Im wondering if there are homes dowtown, or around 9th street or in Central Park area where they are actually split into apartments. And if so, are these family friendly areas where my child would make neighborhood friends. (reason for needing walking distance is that we plan to be a 1-car family. Thanks for any advice!
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Old 04-12-2012, 11:26 AM
 
Location: Raleigh NC
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Most places like you seek will require boots on the ground to find. When a space opens up, a sign goes in the yard and wala - new tenant. For example, there's a 2 building apartment with maybe 16 units at the NE corner of Duke's East Campus - right where you're talking - that you'd never see advertised I bet.
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Old 04-12-2012, 12:48 PM
 
Location: Downtown Durham, NC
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Yep, unfortunately Bo is right in this regard.

As far as neighborhoods, I'd look into Watts-Hillandale, Old West Durham, Trinity Park, Burch Ave, Old North Durham, and Duke Park. Duke Park is a little bit of a farther walk from shopping. Bob Schmitz is one example of a landlord with a lot of properties in some of these neighborhoods. You can search his name in this forum and see opinions others have of him. FWIW, I think he's doing a pretty good job lately in taking care of his tenants.
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Old 04-12-2012, 10:23 PM
 
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Quote:
Originally Posted by BoBromhal View Post
Most places like you seek will require boots on the ground to find. When a space opens up, a sign goes in the yard and wala - new tenant. For example, there's a 2 building apartment with maybe 16 units at the NE corner of Duke's East Campus - right where you're talking - that you'd never see advertised I bet.

Can you give me a ballpark estimate on what they cost. Are you speaking about rentals or homes/ apartments for sale. I'd ideally like to buy but my budget is really capped at about $120,000. And that would be for a 2-bedroom. Hoping it's not completely unrealistic.
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Old 04-13-2012, 05:56 AM
 
Location: Downtown Durham, NC
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Quote:
Originally Posted by emilycat100 View Post
Can you give me a ballpark estimate on what they cost. Are you speaking about rentals or homes/ apartments for sale. I'd ideally like to buy but my budget is really capped at about $120,000. And that would be for a 2-bedroom. Hoping it's not completely unrealistic.

You can still purchase for $120k in some neighborhoods. For example, there's a duplex on Burch Ave on the market for $130k, one side is vacant and the other has a long-term tenant in it paying $600 a month. So, the mortgage is already almost covered in that house if you want to go the landlord route. It's also right next to the park.

For $120k, you have to make some compromises. Either the house will be older or you will get a fresh reno in a transitioning area. For example, $120k can get you a pretty nice place in Cleveland-Holloway, but that's still a higher crime area than the neighborhoods closer to Duke. Old North Durham might be a good place to look on a $120k budget. It'll be tight, but if you're willing to compromise (i.e. get a place that needs a little bit of work and gradually do it yourself) then you'll certainly find something.
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Old 04-13-2012, 06:40 AM
 
Location: Durham, NC
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Another option might be to look at the DATA (Durham Area Transit Authority) bus routes.
Transit GoTriangle
There is a free Bull City Connector line plus regular pay routes. Closer to downtown the routes appear to me to be more frequent than some further out areas.

Perhaps something on a bus route would let you stay a one-car household, but also move you a bit further out from the prime downtown real estate & into something more in your price range.
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