Renovated Duplex in Durham, NC - $169k

5 Replies

Price $169,000
Location 2303 Nebo Street, Durham, NC, 27707
Property Details

Unit: 1

  • Current Rent: $725
  • Occupied: Yes
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage: 647

Unit: 2

  • Current Rent: $725
  • Occupied: No
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage: 647

Lot Size: 0

Renovated duplex two miles from the heart of Durham; blocks from NC Central University. Both kitchens completely renovated with new cabinets, countertops, appliances. Fresh paint and flooring throughout. Both units are 1BR/1BA, sharing a spacious front porch and large back yard. Unit A currently rented for $725/month through 08/31/19. Move in to Unit A or rent it out for a cash-flowing investment. 

Randy it looks like this investment opportunity doesn't even meet the 1 percent rule which really shrinks your buyer pool.  What do you think can be done here to meet that metric?

Keywords: Durham, Raleigh, Cary, Apex, Holly Springs, Chapel Hill, Triangle, North Carolina, cashflow, turnkey, long-distance, appreciation, landlord, buy and hold

Patrick,

Can you please send details on this property. 

What are the details on the 2nd lease? Is it vacant?

Thanks!

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