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OVERVIEW
1017 Benning St, Durham, NC 27703
At $210,000 — just $138/sq ft — this is a deeply discounted entry into a street where renovated homes are actively trading at $290K–$314K. Benning St sits minutes from downtown Durham and inside the RTP corridor, one of the strongest employment and population growth zones in the Southeast, home to Lenovo, GlaxoSmithKline, Cisco, Duke University Hospital, and hundreds of tech and life sciences employers. The neighborhood is surrounded by new construction and active investor activity, with recent flips on the same block demonstrating clear proof of concept. The 0.28-acre lot adds flexibility, and the property will be delivered vacant at closing — no tenant hassle, immediate start on renovations.
Comp Avg (Sold — As-Is): ~$260K (~$194/sq ft) | For Sale Avg (Renovated): ~$307K Rent Avg: ~$2,000/mo | Gross Yield at Asking: ~11.4%
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 1.5 bath
Living Area: 1,525 sq ft
Year Built: 1962
Lot Size: 0.28 acres (12,197 sq ft)
Zoning: RU-5
Utilities: City Water & City Sewer
Occupancy at Closing: Vacant at closing
Closing Date: 06/25/26
Closing Attorney: Atlas Orange
Tax Value: $284,472
Annual Taxes: $2,820
Flood Zone: Low Risk
CONDITION
- Flood Zone: Low Risk
- Zoning: RU-5
- Tax Value: $284,472 | Annual Taxes: $2,820
- Property sold as-is
Full inspection report: https://app.inspectify.com/orders/wqsiTGpvKMbTps8NVSJqB8Vg/reports?report_id=32fa854e-02e1-45bf-a330-943a802dc862
COMPARABLE SALES
As-Is Comps (Establishes As-Is Floor)
1209 Landon St, Durham, NC 27703 — 1,415 sq ft — $285,000 ($201/sq ft) — Sold as-is, dated
1126 Benning St, Durham, NC 27703 — 1,275 sq ft — $235,000 ($184/sq ft) — Sold as-is
Renovated Comps (Establishes ARV)
1020 Benning St, Durham, NC 27703 — 1,323 sq ft — $290,000 ($219/sq ft) — Sold renovated (brand-new kitchen, marble baths)
Active For Sale — Renovated Reference (Not Included in Sold Avg)
1126 Benning St (same property as as-is comp above) — 1,275 sq ft — Listed at $314,000 renovated — Same street, same investor flip
As-Is Floor: ~$260K (~$194/sq ft) | ARV (Renovated Avg): ~$290K (~$219/sq ft) Our Price: $210,000 ($138/sq ft) Your Spread to ARV: ~$80,000
At $138/sq ft against a renovated exit in the $290K–$314K range, the margin on this deal is real and demonstrated on the same block. The as-is floor sits at ~$260K — meaning even an unrenovated hold strategy clears a $50K spread at asking. Flippers have proof of concept at 1126 Benning itself, where the same buy-low / renovate / relist play is already in motion. Vacant at closing, low-risk flood zone, city utilities — clean deal from day one.
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do Not Contact the Seller Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
- A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal
- Closing will occur as quickly as possible, but no longer than 30 calendar days
- Buyer pays all closing costs — closing costs are NOT included in the asking price
- Taxes will be prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing will be conducted with our closing attorney
As-Is Terms This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
- No repairs or improvements will be made prior to closing
- No clean-out or clean-up of any kind will be completed
- Property will not be broom clean at closing
Realtors & Wholesalers If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
- Negotiate your commission/fee directly with your client, separate from the wholesale price, or
- Adjust the wholesale price upward to include your fee
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.