This listing is NOT a foreclosure. ATTENTION INVESTORS! Rare Duplex (1of 5 being offered by this seller) in Creedmoor at an in place Cap Rae 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 $25K in renovations including refinished decks 2024, New HVAC systems 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
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ideal opportunity for savvy investors.This MLS Resale home is a townhouse or condo located in CREEDMOOR. It offers 23522 sq. ft. in size, beds and 3 baths. Review its detailed information and determine if this CREEDMOOR MLS Resale has the qualities you are looking for.
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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
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Property Info
Property ID949754548
MLS Number10054505
Parcel Number089614321588
CountyGRANVILLE
Bathrooms3.0
Living Area (sqft)2,501
Price/sqft$184
Year Built01/01/2003
Property TypeTownhouse or Condo
Lot Size23522 sq. ft.
Stories2
ConditionAverage
Room List14
Heating24
CoolingYes
Roof TypeGABLE
Parking4
Style31
Exterior WallsSiding (Alum/Vinyl)
Legal DescriptionLOT & DUPLEX MILL ST
ZoningR12M
rto financingtrio
Property Brokerage:
Keller Williams Elite Realty