As Is Value – $121,000
Estimated Rehab: 40,000
ARV – $260,000
This quaint, single family ranch is more than meets the eye. It was remodeled tastefully a few years back and has since been rented out steadily for $825/month. Current tenants pay on time on a month-to-month basis. The property has three spacious bedrooms, an open floor plan including a breakfast bar off the kitchen and a laundry room in the back of the house. This house has room for renovation, whether it’s an addition extending into the spacious yard or a emodel to the attic which could turn the property into a two story home! The area is growing fast and either route you choose is going to be lucrative as east Durham continues to grow.
This property is not on the MLS. We are selling the assignable purchase agreement to this property. All offers will be considered, any serious offer must be accompanied by $2000 non refundable earnest money deposit to take the property off the “market”.