Date
Details
Price
Change
Source
9/23/2024
Listed
$520,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$520,000
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Property Description
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. 202 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: 10054486 , 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.
Full Property Details
Full Property Details for 202 Allen St #A-B
General
- Price: $520,000
- Taxes: $4,279
- Status: Active
- Type: Duplex
- Source: 2218
- MLS ID: 10054463
- Updated: 9/25/2024
- Added to Site: 37 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Appliances: Dishwasher, Range, Refrigerator
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Electric Dryer Hookup, Washer Hookup
Additional Information
- Shared Amenities: None
Exterior
- Exterior Features: Private Entrance
- Porch/Patio/Deck: Deck, Front Porch
Parking
- Parking Features: Driveway, Gravel
Location
- County: Granville
- Subdivision: Dutchville
- Driving Directions: 1.5 Miles from Downtown Creedmoor .1 miles from E Wilton Ave turn Lt to N Main St southbound onto Park Ave .6 miles, Rt onto Cozart ST .6 miles, Rt onto Access Rd Property the first driveway past Allen St on the map 6.8 miles from I85 Rt onto Hwy 15 N to Hwy 56 E bound Rt onto S Main St .6 miles, Rt onto Cozart ST .6 miles, Rt onto Access Rd Property the first driveway past Allen St on the map 21 minutes N of Durham NC I85 N to Hwy 15 15.9 miles Rt onto Hwy 15 15.5 miles N to Hwy 56 E bound Rt onto W Lake Rd .5 miles Rt onto S Main St 154 ft turn Lt onto Park Ave .2 miles turn Rt onto Cozart St .2 Left onto Watson St .1 mil on the Rt Property the first driveway past Allen St on the map
- City Limits: Yes
School Information
- Elementary School: Granville - Creedmoor
- Middle School: Granville - Hawley
- High School: Granville - S Granville
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Transitional
- Structure Type: Duplex
- Exterior Const.: Vinyl Siding
- Roof: Shingle
- Common Walls: 1 Common Wall
- Stories/Levels: 2
- Building Size: 2050
- Square Feet: 2,050
- Finished Above Grnd: 2,050 Sq. Ft.
- Year Built: 2003
Additional Structures
- Other Structures: Storage
Lot Features
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,215.6
- Fence: Yes
- Fencing (Description): None
Financial Considerations
- Tax Amount: $4,279.55
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 89618414846
- Lot Number: 2
Listed by Keller Williams Realty, Paulina Bohorquez (919) 985-9416
We Value Your Privacy
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Listing agent
— 202 Allen St #A-B —
Paulina Bohorquez
Keller Williams Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 202 Allen St #A-B
School District:Granville County Schools
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
305 E Wilton Ave, Creedmoor, NC 27522 | PK-5 | 0.4 mi | |
|
2652 Nc Highway 56, Creedmoor, NC 27522 | PK-5 | 2.5 mi | |
|
201 E D St, Butner, NC 27509 | PK-5 | 4.6 mi | |
|
2173 Brassfield Rd, Creedmoor, NC 27522 | 6-8 | 0.9 mi | |
|
501 E D St, Butner, NC 27509 | 6-8 | 4.4 mi | |
|
201 Baptist Rd, Durham, NC 27704 | 6-8 | 11.2 mi | |
|
701 N Crescent Dr, Creedmoor, NC 27522 | 9-12 | 0.5 mi | |
|
South Granville High Of Business A
701 North Cresent Dr, Creedmoor, NC 27522 | 9-12 | 0.5 mi | |
|
1552 South Campus Dr, Creedmoor, NC 27522 | 9-12 | 2.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 202 Allen St #A-B
Estimate the Cost
Estimate the Cost for 202 Allen St #A-B
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202 Allen Street #A-B, Creedmoor, NC 27522 (MLS# 10054463) is a Duplex property with 6 bedrooms, 2 full bathrooms and 2 partial bathrooms. 202 Allen Street #A-B is currently listed for $520,000 and was received on September 23, 2024. Want to learn more about 202 Allen Street #A-B? Do you have questions about finding other Duplex real estate for sale in Creedmoor? You can browse all Creedmoor real estate or contact a Coldwell Banker agent to request more information.