As Is Value – $145,000
Rehab Costs – 15k
ARV – $175,000
Duplex in an up and coming area in east Durham! Instant cash flow opportunity. Currently rented for $1350 (both sides combined). There is nothing that needs to be done immediately, the tenants are happy. Just needs some exterior work to raise the value. $10-12k estimated work (New roof in the next few years, exterior paint, and new windows/window trim. Before repairs, closing on this one is walking into a 14% ROI!
This property is not on the MLS. I am selling the assignable purchase agreement for this property. Assignment fee is included in the purchase price. $2000 non refundable deposit due within 24 hours of an accepted offer.