Here’s a bungalow in a nice, established area on the north side of Durham listed for $87,900. The foreclosee paid $115,000 for this house a few years ago (3/2/2004), and Zillow.com now estimates the value of this house to be $136,500.This house is on a good-sized lot with mature landscaping, and appears to need very little work prior to occupancy. With some basic cosmetic updating, this place will be ready for an owner-occupant or a tenant. A house like this could rent for about $1,000 per month, so it is a possibility for an investor looking for a long-term investment opportunity in the Raleigh – Durham area.
The basics...
Address: 2608 Banner Street, Durham, NC 27704
Current Listing Price: $87,900
PREVIOUS Sale Price: $115,000 (3/2/2004)
Size: 3 Bedrooms, 1 Bathroom; 1,317 square feet
Lot: .21 acres
http://www.realtor.com/realestate/durham-nc-27704-1103019537/
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