BIG Profit “Finish & Flip” in HOT Durham Neighborhood!! Pending

  • $166,900
  • 3 beds
  • 2 Full baths
  • 1068 sqft

Beautiful 3 BR – 2 BA Ranch in one of Durhams hottest zip codes and communities. The seller of this great property was a contractor that finished approx 80% to 85% of the interior cosmetics for you, and also added an additional full bath. (Tax card currently says a 3/1, but it’s not.) He got sick, and needed to sell it. Lucky us…we found it. Plumbing, sewer, electrical, AC all in good or updated condition. Roof is only 7 or 8 yrs old.

The home currently only needs: About 8 interior doors, interior casing (molding) for the new windows (12 new), install all baseboard molding, vanities in bathroom, upgraded kitchen with new appliances and cabinets. Nice fixtures and wall outlet/switch plates, as you would see are needed. Painting, flooring, sheet-rock, lighting, electrical, plumbing and some exterior upgrades have been completed!

Recommendations: Upgrade storage/garage with new roll-up door (dented), and a small side window installed. Complete landscape, some tree trimming and shaping, demo the fence in the trash and open up this beautiful 1/2 acre lot with some gorgeous curb appeal. This one would go REALLY fast!!

Sale Price: = $166,900

ARV: = $235K or higher (in this sellers market and community!)

Rehab Costs (Approx): $10K to $12K (…if that!)

Profit Margin: (Approx): $59K (Minus = holding/closing costs & commissions….’if any’.) (Hint: F.S.B.O.!!)

EMD Needed For Escrow: Only $3K down in earnest money. Title work has been completed.

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Don’t let this one get away!! IT’S ALMOST FINISHED 🙂 Call us today!!

Price:
$166,900
Address:
3901 Alameda St
Durham, NC 27704
Square Feet:
1068
Lot Size:
0.47 acre
Bedrooms:
3
Bathrooms:
2 Full
Terms:
For Sale
Property Type:
Home
Year Built:
1963
Basement:
No Basement
Const. Type:
Brick Ranch
MLS #:
OFF MARKET DEAL!

Additional Features

Also, on a side note: This was in one of our REI Journals (As of August 24th, 2020): "Rare opportunities in Durham's most common neighborhoods. - Comparable sold properties for new constructions and nicely finished rehabs are mostly selling in single-digit "Days on Market" and on average at 107% to 115% of the list price. - There are no "Actives" available for sale in in most of these Eastern and Western, Durham neighborhoods!" GREAT NEWS FOR YOU REHABBERS!!

Call (919) 554-6930 for more details

Property Location