Off-market Downtown Durham Condo in Popular Airbnb Community for Only 220k
I will be listing a property at 807 W. Trinity Ave, Unit 143 in Durham. It is only six minutes from Duke, and is a popular address for Airbnbs; I have managed approximately two dozen units in that community. The owner has informed me that she is willing to accept a price of $220,000, which is significantly below other listings in the community (two other condos, which are the same size and layout, are currently listed for $260,000). Lower offers will not be considered, the owner has stated. The property is fully-furnished, and provides a great opportunity for an investor to get started with an STR or MTR in the Triangle. Happy to answer any questions, and provide further details to anyone interested. Photos of the property can be viewed here:
https://drive.google.com/drive/folders/1nItc2eDUGRgRwonTPgLBtIrlIW48-9jB?usp=drive_link
I have had one showing, but the property is not under contract yet. If anyone has any questions, let me know.
Can you DM about the comps - rental and why would the owner sell for a low price especially when others in the same community are selling for higher?. What kinda of tenants have been living there?.
Quote from @Venkat Ravuri:
Can you DM about the comps - rental and why would the owner sell for a low price especially when others in the same community are selling for higher?. What kinda of tenants have been living there?.
Hi Venkat, sorry for missing this. I'll send you a DM.
Can you send me more information as well Brandon please to my email? Thanks!
Quote from @Agustin Rossi:
Can you send me more information as well Brandon please to my email? Thanks!
Hi Agustin, this property is currently under contract. If something falls through, I will let you know.