The Brannan in downtown Durham

[Samuel Huang]

Investment Info:

Single-family residence buy & hold investment in Durham.

Purchase price: $459,000
Cash invested: $459,000

2 Bedroom and 2 1/2 bathrooms in downtown next to Central Park. Located in the Brannan.

What made you interested in investing in this type of deal?

Downtown Durham has been experiencing remarkable growth with an integration of Duke University becoming a large stakeholder in the properties there. Another Duke Clinical Research building was being developed across the street. Options for upscale long term rental seemed limited.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash