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Old 11-29-2007, 01:20 AM
MDO Management MDO Management is offline
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Join Date: Nov 2007
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Thumbs up Short Sale Property, Durham, NC

Looking for a great investment, a fixer upper that is going for short Sale. This property which is located at 900 Midland Terrace is selling AS is. This is a short sale Property. Selling as is must come with Pre-qualification letter and verifications of funds in bank for property. This is 3/1 bath ranch house with land to rebuild a larger house or add an additional house in back. This is a great fixer upper for a handy man. Property needs painting, carpet and bath redone. If you are interested in the property call Louise, 919-949-6233. You must have $1,000 down for earnest money. Call with all offers and estimate of repairs.

Gravel driveway Built: 1945 Map Acres: 0.632, Sq. Footage: 990, Type of Construction: Ranch - vinyl siding, Fair Market Value: appraised 77,000, seller looking at ALL offers! Cost of Repairs: Property to be sold 'as is' - repairs: $8,000 appx. contractor reviewing repairs/upgrades, Fair Market Value: comparables/tax value 78,106, addition land to add another house or tear down old house and rebuild new house
The house has new vinyl siding, water heater, new central/air unit and new roof.

Area info: REDEVELOPMENT PROJECTS UNDERWAY...The planned redevelopment is around the corner on Geer Street. They are currently building a brand new Super Walmart and a new subdivision which is down the road on the right hand side from this 900 Midland Terrace address.
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