{"id":5150,"date":"2025-07-23T12:50:33","date_gmt":"2025-07-23T12:50:33","guid":{"rendered":"https:\/\/strandparkproperties.com\/?page_id=5150"},"modified":"2026-09-30T06:28:32","modified_gmt":"2026-09-30T06:28:32","slug":"1112-newport-ave-elizabeth-city-nc-27909","status":"publish","type":"page","link":"https:\/\/strandparkproperties.com\/?page_id=5150","title":{"rendered":"4104 Baker St, Durham, NC 27713"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>4104 Baker St, Durham, NC 27713<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"622\" src=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2026\/09\/IMG_5798-1.webp\" alt=\"\" class=\"wp-image-7930\" srcset=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2026\/09\/IMG_5798-1.webp 1280w, https:\/\/strandparkproperties.com\/wp-content\/uploads\/2026\/09\/IMG_5798-1-300x146.webp 300w, https:\/\/strandparkproperties.com\/wp-content\/uploads\/2026\/09\/IMG_5798-1-1024x498.webp 1024w, https:\/\/strandparkproperties.com\/wp-content\/uploads\/2026\/09\/IMG_5798-1-768x373.webp 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Great opportunity in\u00a0Durham, NC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This Elizabeth City home consists of 5 beds, 3 bath, 2,006 SQ FT. Don&#8217;t miss out on this great opportunity!<br><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/strandparkproperties.com\/?page_id=5155\">CLICK TO VIEW PICTURES AND VIDEOS<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-base-2-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-73128380 wp-block-group-is-layout-constrained\" style=\"margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--50)\">\n<h2 class=\"wp-block-heading has-text-align-center\">Investment and Property Details<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Explore our current deals and join us in transforming properties into profitable ventures.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-d525a65d wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>As-is value: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$210,000<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>After Repair Value: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$410,000<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Investment Duration: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">32Days (28<strong>\u2013<\/strong>day<strong>\u00a0<\/strong>renovation<strong>\u00a0<\/strong>phase and a 4-day final closing period)<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Return on Investment: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">A 60% ROI<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Rehab Cost<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$65,000<\/p>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:8px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-d525a65d wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Purchase Price:<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$390,000<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>SECURITY<\/strong><br><strong>IMPORTANT NOTICE: Investment Security &amp; Exit Structure<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A\u00a0<strong>signed Purchase Agreement is in place with a committed End Buyer<\/strong>, establishing a defined exit for the project. The End Buyer has also deposited a\u00a0<strong>20% non-refundable EMD<\/strong>, which is being held by\u00a0<strong>Becton Law Firm PLLC<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the End Buyer fails to close following completion of the renovation, the&nbsp;<strong>Joint Venture Contract Agreement<\/strong>&nbsp;requires StrandPark Properties Limited to pay the investor their&nbsp;<strong>full initial investment plus the agreed return on the exact payment date specified in the agreement<\/strong>, regardless of when the property ultimately sells.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The combination of the&nbsp;<strong>signed End-Buyer Agreement, non-refundable EMD held in escrow, and contractual payment obligation<\/strong>&nbsp;provides a clearly defined exit structure and contractual protection for the investor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>No Additional Capital Calls:<\/strong>\u00a0The Operating Partner is solely responsible for any cost overruns, protecting the investor from being asked for further funds beyond the initial $65,000 commitment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Information Rights:<\/strong>\u00a0Weekly financial reporting requirements ensure complete transparency, allowing the investor to monitor the project\u2019s financial health in real-time.<\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2025\/10\/Strandpark-properties-JV-contract-agreement-11.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Strandpark properties JV contract agreement.\"><\/object><a id=\"wp-block-file--media-938bafb9-0d58-44ef-9955-f0e200fe3f71\" href=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2025\/10\/Strandpark-properties-JV-contract-agreement-11.pdf\">Strandpark properties JV contract agreement<\/a><a href=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2025\/10\/Strandpark-properties-JV-contract-agreement-11.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-938bafb9-0d58-44ef-9955-f0e200fe3f71\">Download<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Lead Contractor<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Matt Conwell<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Scope<\/strong><\/td><td><strong>Budget<\/strong><\/td><\/tr><tr><td><strong>Kitchen renovation<\/strong> cabinets, countertops, backsplash, fixtures<\/td><td><strong>$14,000<\/strong><\/td><\/tr><tr><td><strong>Bathrooms (3)<\/strong> vanities, fixtures, tile, paint, hardware<\/td><td><strong>$10,500<\/strong><\/td><\/tr><tr><td><strong>Flooring throughout<\/strong> LVP\/carpet as appropriate<\/td><td><strong>$8,000<\/strong><\/td><\/tr><tr><td><strong>Interior paint &amp; drywall repairs<\/strong><\/td><td><strong>$7,000<\/strong><\/td><\/tr><tr><td><strong>Electrical &amp; lighting updates<\/strong><\/td><td><strong>$5,000<\/strong><\/td><\/tr><tr><td><strong>Plumbing repairs\/fixtures<\/strong><\/td><td><strong>$4,000<\/strong><\/td><\/tr><tr><td><strong>HVAC servicing\/repairs<\/strong><\/td><td><strong>$3,500<\/strong><\/td><\/tr><tr><td><strong>Exterior\/curb appeal &amp; landscaping<\/strong><\/td><td><strong>$4,000<\/strong><\/td><\/tr><tr><td><strong>Doors, trim &amp; hardware<\/strong><\/td><td><strong>$3,000<\/strong><\/td><\/tr><tr><td><strong>Cleanup, hauling &amp; final punch list<\/strong><\/td><td><strong>$2,000<\/strong><\/td><\/tr><tr><td><strong>Contingency<\/strong><\/td><td><strong>$4,000<\/strong><\/td><\/tr><tr><td><strong>TOTAL<\/strong><\/td><td><strong>$65,000<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>4104 Baker St, Durham, NC 27713 Great opportunity in\u00a0Durham, NC. This Elizabeth City home consists of 5 beds, 3 bath, 2,006 SQ FT. Don&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","footnotes":""},"class_list":["post-5150","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages\/5150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5150"}],"version-history":[{"count":5,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages\/5150\/revisions"}],"predecessor-version":[{"id":7927,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages\/5150\/revisions\/7927"}],"wp:attachment":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}