For sale is a 4 bedroom/1.5 bath single family home in downtown Durham near NCCU's campus and right across the street from the Lincoln Community Health Center. This home is great for either an owner occupant or an investor and was previously rented for $1,700/month. Some updates have occurred, including flooring, paint, and a bathroom remodel. The kitchen is functional but could use an update and thus the house is priced accordingly; if updated, the rent could be increased significantly. Nice size deck off the kitchen and large driveway area for numerous cars. House has aluminum siding, central heat and air, new 30-year architectural roof, and newish electrical panel. In addition, this property offers a unique ability, since it is on a corner lot, to be able to create a new, "small lot", which only has to be 2,000 sq. ft total and will fit in here with the required setbacks (see Durham UDO for more details). Thus, this lot could be sold off or you could build a second property or an accessory dwelling unit (ADU) on the existing property here, creating a serious value-add. Lastly, please note that I am only looking to sell this property with owner financing / seller financing. NO CASH OFFERS nor TRADITIONAL LOANS will be considered. Terms of owner financing: 1) 20% down, 7.25% fixed rate loan for as long as an amortization period (between 5 to 30 years) as the buyer desires or 2) 10% down, 8% fixed rate loan for as long as an amortization period (between 5 to 30 years) as the buyer desires.
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