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bedrooms
bedrooms
6
bathrooms
bathrooms
4
square feet
square feet
2,476
acreage
Acreage
0.51
open houses
Open Houses
-
year built
year built
2003
full baths
Full Baths
2
half baths
Half Baths
2
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
Subdivision Not In A Subdivision
County Wake
Elementary School Granville - Mount Energy
Middle School Granville - Hawley
High School Granville - S Granville
open houses Open houses
None scheduled.
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MLS number: 10086707
Listing agent: Matt Perry
Listing broker: Keller Williams Elite Realty (984) 244-5835
Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Monday, April 7 2025 at 7:22 p.m. EDT
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