405 and 407 David Road are located in Wendell, NC. Both properties were converted from tenant properties to owner occupant. 405 has 3 bedrooms, 2 bathrooms, and has 1,680 sqft of living space. The property was built in 1995. 407 has 3 bedrooms, 3 bathrooms, and has 1,512 sqft of living space. The property was built in 2001. Similar homes nearby have 3 bedrooms, 3 and 2 baths and sell for around $85,000 – $105,000.
Both homes have an open living room; updated kitchen; master bedroom and bathroom. There was a small preparation rehab (mainly consisting of cleaning and touching up as well as exterior landscaping and minor painting) to prepare the properties for resale. Time of rehab was 15-30 days with a sale of end of February. JIDI earned a ROI of 18% (36.0% annualized).
- Project Name: David Road
- Project Category: Residential Renovation