Blue Chariot Rehab #9 – 56 North Wycliff Drive, Durham, North Carolina

Blue Chariot has our 9th rehab project under contract at: 56 N. Wycliff Drive, Durham, NC 27703. It has 3 Bedrooms with 2 Bathrooms, built as a Split-Level in 1988 with an Unfinished Basement, plus a 2-Car Garage. This home is a bank-owned foreclosure and we are scheduled to close in early July. The home has a relatively minor structural issue caused by a lack of proper deck flashing, which caused damage along the back wall in the basement, causing the main floor above to sag a bit at the sliding glass door leading to the deck. It’s nothing major, but enough to prevent conventional bank financing for a prospective owner-occupant purchase – which makes it the perfect project for Blue Chariot!

We anticipate a 2 month rehab for this home, of which we are planning to make it into another Blue Chariot rental. The rehab will entail adding a 4th Bedroom and 3/4th Bath in the Basement (to boost value and rental income), along with new Kitchen and Baths in the main-level, plus new flooring and paint throughout. It may also require a new HVAC and Water Heater; as well as, certain exterior fixes and upgrades – including landscaping and maybe tree removal.

This home lies within a great neighborhood off North Mineral Springs Road and Tyne Drive near Wake Forest Highway (Hwy 98) in Durham, North Carolina.

56 N. Wycliff Drive, Durham 56 N. Wycliff Drive, Durham 56 N. Wycliff Drive, Durham 56 N. Wycliff Drive, Durham

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