REP | 513 Colfax St, Durham, NC 27701

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513 Colfax St, Durham, NC 27701

Single Family / 4 Bedroom(s) / 2.5 Bath(s)

Property Status: For Sale | $250,000.00 (Wholesale) |

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Contact Info

Carolina Offer LLC
(803) 493-1530

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North Carolina Durham

?? Hot Durham Opportunity in Downtown Durham | $250K Buy Now

Property Status:
For Sale | $250,000.00 (Wholesale)

Contact Info

Carolina Offer LLC
(803) 493-1530

Request To See This Property

Property Details:

Single Family / 4 BR / 2.5 BA

Property Style:

1-Story

Year Built:

1950

Finished Sq Ft:

1,518

Basement:

No Basement

Owner / Agent:

Wholesale

Property Features:

No Property Features Listed.

Property Description:

Nestled in the heart of Durham’s 27701 zip code, this centrally located home is a prime play for savvy investors. Just minutes to downtown Durham, shops, and dining, with steady market momentum pushing toward strong ARV upside. With some TLC and cosmetic rehab, this 1,518 sq ft single-family home is poised for serious profit. Act fast—this rare deal won’t stick around!

Tenant in place until end of August 2025. Perfect for flippers or buy-hold investors looking to add to their portfolio quickly.

Property Highlights:
Spacious 1,518 sq ft single-family home

Lot: Typical city lot in historic Durham core

Exterior Type: Traditional framed SFH

HVAC: Only 4 years old — big future savings

Roof: Just 8 months old — minimal deferred maintenance

Tenant in place; lease ends August 31, 2025

Nearby Schools & Amenities:
Convenient access to schools, parks, and shopping. Just a short drive to downtown Durham’s amenities, including Duke University, American Tobacco District, and local eateries.

Financial Overview:
Buy Now Price: $260K

After Repair Value (ARV): $350,000

** Fast Facts & Investor Highlights:**
Roof and HVAC are practically brand-new—huge cost-savers post-acquisition.

Tenant in place offers “in-use” preservation; rehab timing flexible after August.

Close to downtown pull for both rental and resale markets.

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Real Estate Promo is not responsible nor will be held liable for the property or the information listed here.

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned. Click on the link above to contact the Property Owner about this property.