$185,000

1304 Holloway Street

Durham, NC 27701

2 bd · 2 ba · 1,525 sqft

About this home

BACK ON MARKET through no fault of the seller! The bank appraisal came in at $180K and the previous buyer chose not to move forward. Now's your chance to grab this great investment opportunity just minutes from downtown Durham! This duplex offers strong value-add potential with both units vacant and ready for improvements--ideal for investors or renovators. Unit A (1BR/1BA | 598 sq ft above-grade finished area) was updated in 2019-2020 and features newer flooring, an updated kitchen, and a refreshed bathroom. The unit may benefit from minor cosmetic updates to maximize rental potential. Unit B (1BR/1BA | 922 sq ft above-grade finished area) requires a full renovation and is currently not livable. With the right vision, this unit offers excellent upside and could potentially be reconfigured into a 2-bedroom, 1-bath to increase income. Major system updates include: Roof replaced in 2020 HVAC system replaced in 2019 (central air) Water heater replaced in 2019 Property includes separate entrances and separate meters for each unit, making it well-suited for multi-unit rental income. Property is being sold AS-IS. Seller will make no repairs. Sale is subject to short sale approval. Prime location near downtown Durham, restaurants, and major roadways. Investor special with significant upside--don't miss this opportunity!