309/311 Watson Street #309 & 311 Creedmoor, NC 27522
6 Beds
6 Baths
2,500 SqFt
UPDATED:
11/24/2024 03:07 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $184
Subdivision Dutchville
MLS Listing ID 10054514
Style Duplex
Bedrooms 6
Full Baths 4
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 2,500
Originating Board Triangle MLS
Year Built 2003
Annual Tax Amount $4,259
Lot Size 0.610 Acres
Acres 0.61
Property Description
This income producing duplex is part of a portfolio of 6 buildings which include 12 leased units. 309 and 311 Watson St include 2 units in the same duplex, each features 3 beds 2.5 baths each and a total of 2,500 square feet . This property can only be sold as part of the portfolio listed at $2,695,000 with a 6 prcnt Cap rate. Buildings sold as part of this portfolio are listed under the following MLS numbers: 10054463, 10054486, 10054497, 10054505, 10054522
Creedmoor, NC, is a charming small town in Granville County experiencing steady growth due to its proximity to major metropolitan areas like Raleigh and Durham, both just a 22 -minute drive away. It's conveniently located near I-85, Hwy 50, and Hwy 98, with additional benefits from the completion of I-885, enhancing connectivity to the region. Known for its peaceful atmosphere and affordable living, Creedmoor is attracting individuals seeking suburban comfort with easy access to urban amenities. The town benefits from steady employment opportunities in nearby Research Triangle Park and the greater Raleigh-Durham area, driving local job growth.
Creedmoor's tight-knit community and scenic surroundings make it a desirable place to live while staying connected to the Triangle's economic hub.
Investing in income-producing duplexes is a smart move, especially in today's market. Duplexes offer the unique advantage of generating rental income from two units on a single property, increasing your cash flow potential. As demand for affordable housing continues to rise, particularly in growing markets like the Triangle, duplexes appeal to both tenants and investors due to their affordability and versatility.
Please, no tours, as tenants do not want the property shown.
Tours by appointment only. Do not knock on the doors of these units.
Location
State NC
County Granville
Direction 2 min from downtown Creedmoor Head east on W Wilton Ave toward N Main St 85 ft Turn right onto S Main St 0.1 mi Turn left onto Park Ave 0.2 mi Turn right onto Cozart St 0.2 mi Turn left onto Watson St Destination will be on the left 23 min from Durham Follow I-85 N/US-15 N to W Hillsboro St in Granville County, 13 min (12.8 mi) Merge onto I-85 N/US-15 N/US-70 E Continue to follow I-85 N/US-15 N. 7.9 mi Take exit 186A for US-15 toward Creedmoor. 0.3 mi Continue straight to stay on US-15 N 5.2 mi Continue on W Lake Rd. Take Park Ave and Cozart St to Watson St 2 min (0.7 mi) Turn right onto W Lake Rd 0.2 mi Turn right onto N Main St 154 ft Turn left onto Park Ave 0.2 mi Turn right onto Cozart St 0.2 mi Turn left onto Watson St Destination will be on the left 351 ft
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature None
Fence None
Community Features None
Utilities Available Cable Connected, Electricity Connected, Water Connected
View Y/N Yes
Roof Type Shingle
Porch Deck, Porch
Private Pool No
Building
Faces 2 min from downtown Creedmoor Head east on W Wilton Ave toward N Main St 85 ft Turn right onto S Main St 0.1 mi Turn left onto Park Ave 0.2 mi Turn right onto Cozart St 0.2 mi Turn left onto Watson St Destination will be on the left 23 min from Durham Follow I-85 N/US-15 N to W Hillsboro St in Granville County, 13 min (12.8 mi) Merge onto I-85 N/US-15 N/US-70 E Continue to follow I-85 N/US-15 N. 7.9 mi Take exit 186A for US-15 toward Creedmoor. 0.3 mi Continue straight to stay on US-15 N 5.2 mi Continue on W Lake Rd. Take Park Ave and Cozart St to Watson St 2 min (0.7 mi) Turn right onto W Lake Rd 0.2 mi Turn right onto N Main St 154 ft Turn left onto Park Ave 0.2 mi Turn right onto Cozart St 0.2 mi Turn left onto Watson St Destination will be on the left 351 ft
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Transitional
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Others
Tax ID 089618420240
Special Listing Condition Standard
