Located right outside of the Golden Belt neighborhood in East Durham. 7 minutes from Downtown Durham (DPAC, Ballpark, breweries, and more) and with easy access to: Hwy147, Hwy70, Hwy55, Hwy98, Brier Creek, RDU Airport, and RTP.
Opportunity to maximize space into 4Beds, 3 Baths w/ home office
Rebuild fire damaged back porch area and extend to second floor (to add another bath for master upstairs) – expand footprint to 1630-1700 SF
Keep existing guest bath upstairs for other two remaining bedrooms on 2nd floor
Space for additional full bath downstairs / second master bedroom
First floor has neat space for home office
2 WAYS TO MAKE MONEY ON THIS DEAL:
– REHAB – Rehabs within 0.2 miles radius are selling for $200/sqft to $213/sqft.
– BRRRR (Buy, Renovate, Rent, Refinance, Repeat) – Even though house is fire damaged, majority of structure was not damaged by fire. Back section/wall would have to be rebuilt but great opportunity to restore and keep as a great rental property. Not many 4 bedroom rentals, can push rents.