Property Description:
*** I have two properties right next to each other. 1513 N Alston and 1511 N Alston Avenue, Durham NC. They are both 4bd/2ba duplexes (8bd/4ba total)
- Each address has two separate units (2bd/1ba)= total of 4bd/2ba per address
- They are currently rentals that are being rented for $450 per unit or $900 per address
- These can also be converted into SFR
**I am willing to sell both these addresses as a Package Deal**
Perfect downtown Durham location. Keep as a rental or use as a single-family conversion in growing downtown Durham.
Has 3 of Tenants possibly looking to stay. They are month-to-month and will be no problem to remove if needed.
ARV of SFR in the area= $260,000
realtor.com/realestateandhomes-detail/611-Lee-St_Durham_NC_27701_M67148-85682
realtor.com/realestateandhomes-detail/706-Dowd-St_Durham_NC_27701_M66301-70749
Comps for Duplexes in area:
trulia.com/p/nc/durham/1411-gearwood-ave-durham-nc-27701--2024914753
redfin.com/NC/Durham/1406-Evelyn-St-27701/home/43530484
zillow.com/homedetails/1118-Gurley-St-Durham-NC-27701/49973561_zpid/
Rehab:
- 60K if it’s a single-family conversion but rental rehabs would be cosmetic or left as is
Estimated monthly rental- $900 per address.