Turnkey Investment Property - 3BR, 5min from Downtown Durham

Durham, NC, 27704
Sold
Listed at: October 5th, 2024
Price
$315,000
ARV
$420,000
Gross Margin
$105,000
Sq. Footage
1295
Type
Single-Family
Parking
Driveway
Year build
1984
Lot size
0.43 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
1
Summary

Investment Opportunity: 1917 Washington St, Durham, NC

Asking Price: $315,000

ARV (After Repair Value): $420,000

Earnest Money Deposit (EMD): $5,000

 

Property Features:

 

• Move-in Ready: Minimal repairs needed

• Fix & Flip or Rental: Ideal for both strategies

• 3 Bed, 2 Bath: Spacious 1,295 sqft living area

• Lot Size: 0.43 acres

• Great Location: Just 5 minutes from downtown Durham, offering convenient access to amenities and public transportation

 

Investment Highlights:

 

• Minimal Repairs: Only the HVAC system requires replacement

• High ARV: Estimated after repair value of $420,000

• Desirable Rental Market: Excellent potential for rental income due to proximity to downtown

• Fast-Growing Area: Located in an area seeing significant development, driving property values up

 

This property is a rare find in the growing Durham market, perfect for a quick flip or long-term rental income!

 

For more details or to schedule a showing, contact Carlos Staton (919)590-0655.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Carlos Staton

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