NC > Creedmoor > Not In A Subdivision
Creedmoor, NC 27522,202 Allen Street #A/B
Creedmoor, NC 27522,202 Allen Street #A/B
Creedmoor, NC 27522,202 Allen Street #A/B
Creedmoor, NC 27522,202 Allen Street #A/B
Creedmoor, NC 27522,202 Allen Street #A/B
Creedmoor, NC 27522,202 Allen Street #A/B
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Jason Walters

Jason Walters

+1(252) 904-0357
Listed by Keller Williams Elite Realty
$ 389,900
Est. payment | /mo

6 Beds

4 Baths

2,476 SqFt

Save
$ 389,900
Est. payment | /mo
Save

6 Beds

4 Baths

2,476 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,476 sqft

Price per Sqft $157

Subdivision Not In A Subdivision

MLS Listing ID 10086707

Bedrooms 6

Full Baths 2

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 2,476

Originating Board Triangle MLS

Year Built 2003

Annual Tax Amount $2,531

Lot Size 0.510 Acres

Acres 0.51

Property Sub-Type Duplex

Property Description

ATTENTION INVESTORS! Rare Duplex (1of 5 being offered by this seller) in Creedmoor at an in place Cap Rate of 7.2% based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. Creedmoor is a convenient small town to live in close to everything in downtown or a quick drive down HWY 50 to North Raleigh or out to HWY 85 and over to Durham or Chapel Hill. Being offered 100% occupied with substantially below market rents. New owners could do minor CAP X improvements like flooring and paint and push rents, or remodel the kitchen and bathrooms as well and push rents even higher and realize up to a 9.8% cap rate at the market rent of $1795 per side (estimate) fully upgraded. The current owners have made significant upgrades over the last 5 yeas with over $30K in renovations including refinished decks 2024, new Paint and LVP downstairs and new carpet upstairs in 202 A in 2022. New HVAC systems, both unit in 2020 and some new appliances. Off-street parking adds extra value, making it even more convenient for residents. Additionally, with no HOA, you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors.

Location

State NC

County Wake

Direction via Park Ave and Cozart St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St. Turn left onto Park Ave. Turn right onto Cozart St. Turn left onto Troy St.

Rooms

Basement Crawl Space

Interior

Heating Electric

Cooling Electric

Flooring Carpet, Vinyl, Tile

Exterior

View Y/N Yes

Roof Type Shingle

Porch Deck, Front Porch, Porch

Garage No

Private Pool No

Building

Faces via Park Ave and Cozart St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St. Turn left onto Park Ave. Turn right onto Cozart St. Turn left onto Troy St.

Story 2

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 2

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Granville - Mount Energy

Middle Schools Granville - Hawley

High Schools Granville - S Granville

Others

Tax ID 089618414846

Special Listing Condition Standard

Doorify MLS / Triangle MLS
advisor-avatar

+1(252) 904-0357

jason@waltersteam.com

526 E Nash Street, Hope, NC, 27882, United States

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202 Allen Street #A/B

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