Income Summary

Data last updated on: 8/14/2026     Ownership current as of: 8/11/2026     Tax Year: 2026
REID 104975

PIN # 0831-08-2508

Location Address Property Description
509 N MANGUM ST PROP-MOTOR BEARINGS & PAR TS CO OF DURHAM INC PL:000059-000008
   
Property Owner Owner's Mailing Address
GRIFFIN DURHAM LLC
2601 WESTON PKWY STE 203
CARY NC 27513
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Map
Income Modeling
Income Model Type AprtHR Md 1 Cl A DD
Income Location Excellent
Economic Year Built 2022
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
STUDIO / EFFICIENCYUNITS 73 $22,896.00 $1,671,408.00
1 BEDROOMUNITS 77 $25,536.00 $1,966,272.00
2 BEDROOMUNITS 32 $32,412.00 $1,037,184.00


Total Units 182
Total Sqft 0
Total Potential Gross Income $4,674,864.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $467,486.40
     Deductions Total (% of PGI) 10.000%
Misc Income $283,920.00
     Misc Income (% of PGI) 6.073%
Total Effective Gross Income $4,491,297.60
 
Total Expenses $0.00
Total Expenses Override $1,482,128.21
NET Income $3,009,169.39
     Percentage of PGI 64.369%
     Percentage of EGI 67.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.059715


Total Value $50,392,186.05
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $128,701.00
Supporting Parcels $0.00
Final Value $50,520,887.00
Final Value Override $0.00
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