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$148,579 · DURHAM, NC 27704
Works for flippers · Works for landlords

Sold

$148,579Asking price

3 bd · 2 ba · 1,160 sq ft · built 1955

DURHAM, NC 27704

No contract on file

Price Drop

via InvestorLift Classic

1 saved · listed Oct 27

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $220,000
Asking price: −$148,579
RepairsMiddle of the seller’s $10,000 – $12,000. Ours: $0 – $10,500: −$11,000
Loan, holding, closing20% down, 12% interest, 2 points, 64 days: −$15,936
Profit20.2% of ARV · flippers want 10%+: $44,485
Works

Works for a flipper up to $169,000.

KIMBER REAL ESTATE GROUP LLC

Johnny Kimber

No reviews yet

Comps

Sales

Rents

ARV $220,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $243,000.

The sales behind this value are shown to members.

ARV $220,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

KIMBER REAL ESTATE GROUP LLC

Johnny Kimber

No reviews yet

Seller Description

Constance Ave | Durham, NC 27704

NEAR TURNKEY RENTAL • SECTION 8 POTENTIAL • MINIMAL REHAB • BUY & HOLD OPPORTUNITY

INVESTORS, THIS IS THE TYPE OF RENTAL OPPORTUNITY YOU DON'T WANT TO OVERLOOK!

Looking for a low-maintenance investment opportunity in the growing Durham, North Carolina market? 2912 Constance Avenue offers an attractive opportunity for investors seeking long-term rental income without taking on a major renovation project.

With a projected after-repair value of approximately $220,000 and an estimated $10,000 cosmetic refresh, this property could be an excellent addition to your rental portfolio.

Whether you're an experienced landlord expanding your holdings or an investor looking for a potential Section 8 / Housing Choice Voucher rental, this property deserves your attention!

INVESTMENT HIGHLIGHTS

Projected ARV: $220,000
Estimated Renovation: Approximately $10,000
Condition: Light cosmetic updates needed
Investment Strategy: Buy & Hold / Long-Term Rental
Section 8 Potential: Explore participation in the Housing Choice Voucher program, subject to inspection and approval
Value-Add Opportunity: Refresh the property and position it for rental income without a major construction project

WHY INVESTORS SHOULD TAKE NOTICE

Minimal Renovation, Maximum Focus on Cash Flow!

Forget the extensive renovation timelines and major construction headaches. With an estimated $10K in improvements, this property offers the opportunity to focus on getting the home rent-ready and generating income.

Section 8 Rental Potential!

For investors interested in voucher-assisted housing, this property could offer an additional leasing strategy. Approved rental amounts depend on the property, tenant eligibility, program requirements, and local rent-reasonableness standards.

Multiple Investment Strategies!

Renovate and hold for monthly cash flow, explore a voucher-assisted tenancy, or consider resale after completing the cosmetic improvements.

THE OPPORTUNITY IS IN THE NUMBERS!

With a projected $220K ARV and only approximately $10K in cosmetic work, 2912 Constance Avenue has the ingredients of an attractive value-add rental investment.

Bring your numbers, evaluate the rental potential, and get ready to add another property to your portfolio!

CASH BUYERS & LANDLORDS — CONTACT US TODAY!

Johnny KimberKimber Real Estate Group LLC470-534-0618

Call or text for asking price, property details, and access information.

Property sold as-is. ARV and renovation estimates are preliminary. Buyers should independently verify condition, rents, valuation, and Housing Choice Voucher eligibility. Rental income and program approval are not guaranteed.