Sold

209 Mill Street Unit A/B, Creedmoor, NC 27522

Beds
6
Baths
4
Sqft
2,476

View property features, location on map, relevant school information and overview from seller's agent.

Listed byMallard Realty Group
  • 2
  • 0

Overview

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 $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 ideal opportunity for savvy investors.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
6
Number of bathrooms
4
Square feet
2,476
Lot size (acres)
0.54
Year built
2003

Utilities

Heating
Electric
Cooling
Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$4,287.82

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Triangle MLS MLS®#: 10086712 Last checked:

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