* 1110 N Driver Street Durham NC 27701
* CASH PRICE: $135,000 ($75/sqft wow!)
* $500K homes around the corner & more on the way, so don’t miss out on this opportunity to get in EARLY!
* 3 WAYS TO MAKE MONEY ON THIS DEAL:
– RENTAL- Plant your roots in this up and coming neighborhood. GREAT OPPORTUNITY, to update the main house (3bd/1ba), and COMPLETE the addition in the back by making it into an ACCESSORY DWELLING UNIT (2bd/1ba)!!!!!!! TWO Units on one parcel. This would be BRILLIANT! Rent for renovated 3 beds range $1400-$1600 & 2 beds range $1000-$1100, that’s a minimum of $2400/month! Great opportunity to play the cash flow and appreciation game! Look at that, maybe you can have your cake and eat it too 😉
– REHAB – Rehabs are selling for $200 to $237/sqft in the area. This brick ranch has tons of charm AND it would be a great opportunity to complete the addition in the back of the house and make this a jaw-dropping HGTV transformation! Keep in mind, there’s a big demand for fully renovated 1 story houses in this area!
– NEW BUILD – Take advantage of the great new construction comps in the area. If you have the team in place, a beautiful brand new home could be built on this lot. Ride the builder wave and become part of the history of the area. Don’t forget $500k homes selling around the corner!