Off-market Downtown Durham Condo in Popular Airbnb Community for Only 220k

[Brandon Vanderford]

I will be listing a property at 807 W. Trinity Ave, Unit 143 in Durham. It is only six minutes from Duke, and is a popular address for Airbnbs; I have managed approximately two dozen units in that community. The owner has informed me that she is willing to accept a price of $220,000, which is significantly below other listings in the community (two other condos, which are the same size and layout, are currently listed for $260,000). Lower offers will not be considered, the owner has stated. The property is fully-furnished, and provides a great opportunity for an investor to get started with an STR or MTR in the Triangle. Happy to answer any questions, and provide further details to anyone interested. Photos of the property can be viewed here:

https://drive.google.com/drive/folders/1nItc2eDUGRgRwonTPgLBtIrlIW48-9jB?usp=drive_link

[Venkat Ravuri]

Can you DM about the comps - rental and why would the owner sell for a low price especially when others in the same community are selling for higher?. What kinda of tenants have been living there?.