409 Bon Air Ave. Durham. The cash price is $425,000.

This property is a perfect two-for-one opportunity as both a flip and a subdivide project in a great area of Durham, minutes from downtown and NCCU! 409 Bon Air is currently used as a SFH but is easily interchangeable as a Duplex. The second level has a kitchen, so it can be used as an in-law suite, rental unit, or AirBNB! On top of that and essential to note, this lot is spacious enough to potentially support Durham's "Flag Lots" ordinance, allowing you to subdivide and build at least one more home! This is a unique opportunity to renovate the primary house and build an additional home in the back.

Below are the properties details:

Single Family Home OR Duplex

5 bed/2 Bath (MAIN: 3bed/1 bath; SECOND: 2 bed/1 bath)

MTM for $2000; tenant moving remaining items out

SqFt: 2168

Lot: 18,252 (roughly 75W x 243L)

Year Built: 1944

Zoning: RU-5

Cash Price: $425,000

HERE are the photos.

Regarding comps, houses this size are rare for the area and are in high demand, giving you the opportunity for a great return!

Here are SOLD comps:

108 E. Lavender Ave. - 3/2/2036 - $600,000 ($295/sqft)

107 W Delafield Ave. - 3/2/1479 - $500,000 ($338/sqft)

2509 State St. - 3/3.5/2497 - $815,000 ($326/sqft)

1726 N. Roxboro St. 3/2.5/1825 - $485,000 ($266/sqft)

Here are two properties that are on the market:

603 Bon Air Ave. 4/3/2136 - $599,900 PENDING after one weekend!

2703 N. Roxboro St. 4/2.5/2012 - $585,000 COMING SOON

In regards to subdividing this lot and building a new house on it, comps vary in pricing depending on finishes but regardless there is a very strong market for them in this area!