4104 Baker St, Durham, NC 27713

Great opportunity in Durham, NC.

This Elizabeth City home consists of 5 beds, 3 bath, 2,006 SQ FT. Don’t miss out on this great opportunity!

Investment and Property Details

Explore our current deals and join us in transforming properties into profitable ventures.

As-is value:

$210,000

After Repair Value:

$410,000

Investment Duration:

32Days (28–day renovation phase and a 4-day final closing period)

Return on Investment:

A 60% ROI

Rehab Cost

$65,000

Purchase Price:

$390,000

SECURITY
IMPORTANT NOTICE: Investment Security & Exit Structure

A signed Purchase Agreement is in place with a committed End Buyer, establishing a defined exit for the project. The End Buyer has also deposited a 20% non-refundable EMD, which is being held by Becton Law Firm PLLC

If the End Buyer fails to close following completion of the renovation, the Joint Venture Contract Agreement requires StrandPark Properties Limited to pay the investor their full initial investment plus the agreed return on the exact payment date specified in the agreement, regardless of when the property ultimately sells.

The combination of the signed End-Buyer Agreement, non-refundable EMD held in escrow, and contractual payment obligation provides a clearly defined exit structure and contractual protection for the investor.

No Additional Capital Calls: The Operating Partner is solely responsible for any cost overruns, protecting the investor from being asked for further funds beyond the initial $65,000 commitment.

Information Rights: Weekly financial reporting requirements ensure complete transparency, allowing the investor to monitor the project’s financial health in real-time.

Lead Contractor

Matt Conwell

ScopeBudget
Kitchen renovation cabinets, countertops, backsplash, fixtures$14,000
Bathrooms (3) vanities, fixtures, tile, paint, hardware$10,500
Flooring throughout LVP/carpet as appropriate$8,000
Interior paint & drywall repairs$7,000
Electrical & lighting updates$5,000
Plumbing repairs/fixtures$4,000
HVAC servicing/repairs$3,500
Exterior/curb appeal & landscaping$4,000
Doors, trim & hardware$3,000
Cleanup, hauling & final punch list$2,000
Contingency$4,000
TOTAL$65,000