Renovate & Build: Prime Opportunity in Durham

$435,000 • 3 Beds / 1 Baths • 1,536 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1
  • 1941
  • 1536
  • 0.34
  • Attached Garage

Description

Unlimited possibilities with this package!!


🏠 607 E Geer St – Renovation and Flip Potential

607 E Geer St features an existing single-family home ripe for renovation. Given the area's revitalization and proximity to downtown, a well-executed flip could yield substantial returns. Comparable renovated homes in the vicinity, such as those on Rosetta Dr and Holloway St, have recently sold in the $500,000–$520,000 range, offering a benchmark for potential resale value. OR teardown and build new here!


LINK TO MORE PHOTOS


LINK TO VIDEO WALKTHROUGH


🏗️ 605 E Geer St – New Construction Development

Adjacent to 607, 605 E Geer St is a vacant lot with zoning that permits the construction of two attached homes. This aligns with recent zoning changes in Durham, which have facilitated higher-density infill development and you're not bound to those played out small lot options parcels 😜


A true modernist new build (whether single family detached or attached), like the product showcased at 500 E Geer St, with all of the proper bells and whistles for urban living, would be perfect here 😍


Other recent new construction recently sold:


📍 Prime Location Advantages

Situated just over a mile from downtown Durham, these properties offer residents easy access to a vibrant array of amenities. Local favorites such as Fullsteam Brewery, Cocoa Cinnamon, and the Durham Food Hall are within walking distance, contributing to the neighborhood's appeal .

Estimated Spread

  • ARV $2,000,000
  • Price $425,000
  • Spread $1,575,000