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Nicole Prophet

Koho Realty Inc

nicole@kohorealty.com +1(919) 322-8090

Listed by Keller Williams Elite Realty

$ 409,900

Est. payment -/mo

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Active

204 Allen Street #A/B Creedmoor, NC 27522

6 Beds

4 Baths

2,476 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,476 sqft

Price per Sqft $165

Subdivision Not In A Subdivision

MLS Listing ID 10086697

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 $4,261

Lot Size 0.480 Acres

Acres 0.48

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 7.4% 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 $60K in renovations including refinished decks 2024, full gut in unit 204 B with new LVP flooring downstairs and bathrooms and new carpet upstairs as well as new kitchen and bathroom cabinets and new appliances in 2021. 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 and E Lyon St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St, Turn left onto E Lyon St. Turn left onto Allen St. HOME is on the RIGHT.

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

Garage No

Private Pool No

Building

Faces via S Main St and E Lyon St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St, Turn left onto E Lyon St. Turn left onto Allen St. HOME is on the RIGHT.

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

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 089618413817

Special Listing Condition Standard

Nicole Prophet

Broker | License ID: 313289

+1(919) 322-8090

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Nicole Prophet

204 Allen Street #A/B Creedmoor, NC 27522

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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204 Allen Street #A/B