Discounted Wholesale HousesDiscounted Wholesale Houses
1109 W Murray Ave, Durham, NC 27704
Group home opportunity! Or prime PadSplit!
Bed: 10
Bath: 8
Sq Ft: 3,293
Lot size: 11,761.2 sq. ft.
Built: 1926
AWESOME LOCATION, close to DUKE Regional Hospital and Downtown!
So currently $5,175 in rent monthly with 90% occupancy (was 100% but renovating 1 bedroom/bathroom currently) Once that 10th room is done with renovation and rented your pushing 6k monthly rents.
Rents haven't raised rents in years.
2-3 yrs ago NEW roof
2 kitchens
7 bedrooms upstairs, 3 bedrooms downstairs in basement
10 parking spaces
If remodeled/updated rent potential:
5 bedrooms with private baths could rent 900 per month x5 = $4500
5 beds sharing bathroom 700 x5 = $3500
Total rental income potential of $8000 per month OR MORE if PadSplit!
Selling price 435k and 75-100k rehab 510-535k all in price, with almost 1.5x rent return on investment exceeding the 1% rent rule.
Flip Comp:
401 Bon Air Ave, Durham, NC 27704 - Sold 735k 4 beds 3 baths 2281 sqft...
OR
Pad Split: $200-$250 per room, per week.
| File Name | Size | |
|---|---|---|
Rent Roll ND.pdf |
38kb
|
Download |
