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Hi Investors,

I'm reaching out to share a deal with you! The address is 1201 Holloway St, Durham, NC 27701. The cash price is $160,000.

ABOUT THE DEAL: Great opportunity on an 8,712 sq ft corner lot in a hot area of Durham. There’s an existing house on the property, but it’s likely a teardown. This lot is larger than one on Spruce St that was recently subdivided for three new builds. Based on the size, it looks like you could do something similar here and split it into three lots around 2,000–2,500 sq ft each and build three smaller new construction homes. Comps in the area show 1,250 sq ft new builds on similar lot sizes selling around $400K, making this a solid play for investors looking for a high-upside infill project.

Resources:

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