NC > Creedmoor > Not In A Subdivision
Creedmoor, NC 27522,309 Watson Street #A/B
Creedmoor, NC 27522,309 Watson Street #A/B
Creedmoor, NC 27522,309 Watson Street #A/B
Creedmoor, NC 27522,309 Watson Street #A/B
Creedmoor, NC 27522,309 Watson Street #A/B
Creedmoor, NC 27522,309 Watson Street #A/B
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Jason Walters

Jason Walters

+1(252) 904-0357
Listed by Keller Williams Elite Realty
$ 399,900
Est. payment | /mo

6 Beds

6 Baths

2,476 SqFt

Save
$ 399,900
Est. payment | /mo
Save

6 Beds

6 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 $161

Subdivision Not In A Subdivision

MLS Listing ID 10086718

Bedrooms 6

Full Baths 4

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 2,476

Originating Board Triangle MLS

Year Built 2003

Annual Tax Amount $2,546

Lot Size 0.610 Acres

Acres 0.61

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 7.3% 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 new paint and stainless appliances 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 $50K in renovations including refinished decks 2024, In both units all new LVP flooring downstairs and bathrooms and new carpet upstairs in 2023 as well as a few new appliances in last 5 years. New HVAC systems in both units in 2020. 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 S Main St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St. Turn right Turn right. HOME is on the LEFT.

Rooms

Basement Crawl Space

Interior

Heating Electric

Cooling Electric

Flooring Carpet, Vinyl

Exterior

View Y/N Yes

Roof Type Shingle

Porch Deck, Front Porch, Porch

Garage No

Private Pool No

Building

Faces via S Main St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St. Turn right Turn right. HOME is on the LEFT.

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 089618420240

Special Listing Condition Standard

Doorify MLS / Triangle MLS
agent-avatar

+1(252) 904-0357

jason@waltersteam.com

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

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309 Watson Street #A/B

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