722 Hancock St

About This Property

For sale (with OWNER FINANCING!) is a renovated, 4 bedroom/1 bath brick single family home located in North Durham in an established neighborhood on a very large, 0.46-acre lot!! This area is also surrounded by numerous new construction neighborhoods and is conveniently located near numerous shops and restaurants. This home is great for either an owner occupant or an investor and is currently rented at $1,800/month on a month-to-month lease (the option is flexible for a buyer to either keep it being rented or for notice to be given so the property can be delivered vacant). This house underwent a complete renovation in 2022 which included a brand-new kitchen with maple cabinets, granite countertops, stainless steel appliances, renovated bathroom, solid oak hardwood floors, crown molding throughout the living room, kitchen, and hallway, as well as new drywall on the ceiling for a smooth finish. There is a nice sized eat-in kitchen/dining area and there is also a washer/dryer area conveniently located off the kitchen All bedrooms are nicely sized. Other updates include double-hung windows, new architectural 30-year roof, and a central heating and air unit and water heater that are only a few years old. Outside, there is a driveway with room for 4 cars and the house has a large front porch with 2 decks, great for outdoor enjoyment! The house is all electric, so you only have water bills and electric bills! Given the large lot size, you most likely can build an ADU (single family home or duplex) behind the house, as there is a very deep back yard. The next-door neighbors just did this a few years ago. Any buyer to confirm with the city if that is of interest to them. Thus, there is a significant opportunity to have a value-add ability with this property. Realistic rental increase estimates for this house would could be up to $2,000/month with just some minor updating. Lastly, that I am only looking to sell this property with owner financing / seller financing. NO CASH OFFERS NOR TRADITIONAL LOANS will be considered. The terms of the owner financing are firm and are as follows: a 15% down payment of the purchase price will be required, with the remaining balance financed at a fixed rate of 7.75% for any length amortization period (between 10 years to 40 years) that the buyer prefers. Please call or email if you have any further questions or want to set up a time to view the property! No wholesaling/assignment of contracts will be considered so please do not ask!

Property Details