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Michael McKenzie
Pro Member
  • Lender
  • Cary, NC
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82
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Great Flip Opportunity Duplex Durham NC

Michael McKenzie
Pro Member
  • Lender
  • Cary, NC
Posted Jun 27 2017, 11:25

Lets start with the comps:
SOLD AFTER REPAIR:
1109 Calvin St - 1,136 sqft for $209,000
1106 Calvin St - 1,360 sqft for $197,000


 SOLD BEFORE REPAIR:
1117 Spruce St - 1,344 sqft for $93,000
1113 Spruce St - 1,164 sqft for $136,000
1106 Spruce St - 1,384 sqft for $138,000


 ON Market:
1112 N Hyde Park Ave - 1,641 sqft for $325,000
1105 Fern St - 1,556 sqft for $249,900
1110 Spruce St - 1,027 sqft for $244,900 (RIGHT NEXT DOOR)

This is a rehab for the right flip investor.
This property is considered a duplex however we feel that you can rehab and generate a higher profit as a SFH.

This is the biggest property on the street...it is over 1800 SQFT.

Repairs - With the ARV being anywhere from $230,000-$330,000 you have plenty of finishes to work with, our contractors estimate this $71,000 - $84,000 (Depends on Finishes)
ARV - From $230,000-$330,000, we would put it on the market for $245,000 -$265,000 as a SFH with great features.

Open House Tomorrow June 28th 10am-11:30am

Call Michael for appointments
Wholesale Price: $90,000
Turn-Key Price: $175,000 we take care of everything including mgmt or resale if needed.

Send all offers to or call us

To View More Pics Please Click Link

Pics

Open House Tomorrow June 28th 10am-11:30am

Call Michael for appointments
Wholesale Price: $90,000
Turn-Key Price: $175,000 we take care of everything including mgmt or resale if needed.

Send all offers to or call us

Offering

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