Listing Courtesy of: Paulina Bohorquez - Keller Williams Realty
919-676-0600
$461,000
Calculate Payment
Calculate Payment
204 Allen Street Unit A-B Creedmoor, NC 27522
Duplex
Residence
6
Beds
4
Baths
2,500
Sq. Ft.
0.48
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Investor special with huge Value Add potential! Current owner has long term tenants with below market rents in high growth areas. A new owner can realize a significant upside and could reach a 7.25 prcnt Cap rate with small investment on items like new flooring and paint and bringing the units up ...to current market rates estimated to be $1,795. Tenant's pay all utilities and there is no HOA. This income producing duplex is part of a portfolio of 6 buildings which include 12 leased units. 204 Allen St includes Unit A & B, each features 3 beds 1.5 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, 10054497, 10054505, 10054514, 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 property shown. Tours by appointment only. Do not knock on the doors of these units.
Continue reading
MLS#
10054486
Property Type
Duplex
Bedrooms
6
Bathrooms
Year Built
2003
Square Feet
2,500
sq. ft
Lot Size
0.48
Stories
2.0
Sewer
Sewer Connected, No Sewer, Public Sewer
Receive an email as soon as the price changes
Receive an email
as soon as the price changes
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Rental Valuation Estimate
Per Month
Nearby Homes For Sale
Just Listed
And
Homes Available
In