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$520,000
1 Day Online

204 Allen Street A-B #A-B
Creedmoor, NC 27522

For Sale|Duplex|Active
6
Beds
2
Full Baths
2
Partial Baths
2,500
SqFt
$208
/SqFt
2003
Built
Subdivision:
Dutchville
County:
Granville
Call Now: 919-844-1152
Is this the home for you? We can help make it yours.
919-844-1152
204 Allen Street A-B204 Allen Street A-B204 Allen Street A-B204 Allen Street A-B
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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% 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 $2,999,995 with a 5.73% 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.

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Listing Snapshot
Price 
$520,000
Days Online 
1 Day
Bedrooms 
6
Inside Area (SqFt) 
2,500 sqft
Total Baths 
4
Full Baths 
2
Partial Baths 
2
Lot Size 
0.48 Acres
Year Built 
2003
MLS® Number 
10054486
Status 
Active
Property Tax 
$4,261.29
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing first seen online
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.48
Foundation 
Block
Number Of Stories 
2
Parking 
DrivewayGravel
Property Sub Type 
Duplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
2500
SqFt Total 
2500
Stories 
Two
Style 
Transitional
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
Microwave
Cooling 
Central Air
Flooring 
CarpetVinyl
Heating 
Central
Laundry Features 
Electric Dryer HookupWasher Hookup
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Exterior Features
Construction Details 
Vinyl Siding
Fencing 
None
Other Structures 
Storage
Patio And Porch 
DeckFront Porch
Roof 
Shingle
View 
Neighborhood
Waterview 
Neighborhood
Community Features
Financing Terms Available 
CashConventional1031 Exchange
Listing courtesy of Paulina Bohorquez of Keller Williams Realty



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2024-10-08 03:20 PM UTC

Neighborhood & Commute
Source: Walkscore
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