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204 Allen Street Unit A-B

Creedmoor, NC 27522

6 beds
4 baths
2,500 sqft
~1/2 acre lot
$184 per sqft
2003 build
– on site

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 prcnt 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 $2,695,000 with a 6 prcnt 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. Do not knock on the doors of these units.

Listing courtesy of DMLS / Keller Williams Realty

Last checked: Checking… • Last updated Nov 23, 2024 •

MLS# 10054486 —

The Building

Year Built:

2003
New Construction:

false
Construction Materials:

Vinyl Siding
Architectural Style:

Transitional
Structure Type:

Duplex
Roof:

Shingle
Stories:

2
Levels:

Two
Basement:

false
Foundation Details:

Block
Common Walls:

1 Common Wall
Patio And Porch Features:

Deck
Building Area Total:

2500
Building Area Units:

Square Feet
Above Grade Finished Area:

2500
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area Units:

Square Feet
Unit Number:

A-B

Interior

Flooring:

Carpet
Laundry Features:

Electric Dryer Hookup

Room Dimensions

Living Area:

2500
Living Area Units:

Square Feet

Location

Directions:

2 min from downtown Creedmoor Head east on W Wilton Ave toward N Main St, 85 ft Turn right onto S Main St, 0.3 mi Turn left onto E Lyon St, 0.3 mi Turn left onto Allen St Destination will be on the right, 285 ft 23 min from Durham Follow I-85 N/US-15 N to W Hillsboro St in Granville County, 13 min (12.8 mi) Merge onto I-85 N/US-15 N/US-70 E Continue to follow I-85 N/US-15 N. 7.9 mi Take exit 186A for US-15 toward Creedmoor. 0.3 mi Continue straight onto US-15 N, 292 ft Continue straight to stay on US-15 N, 4.5 mi Follow W Hillsboro St and W Lyon St to Allen St in Creedmoor, 4 min (1.2 mi), Turn right onto W Hillsboro St. 0.7 mi Turn left onto S Elm St, 187 ft Turn right onto W Lyon St, 0.4 mi Turn left onto Allen St, Destination will be on the right, 285 ft 204 Allen St
Latitude:

36.117655
Longitude:

-78.681073
Coordinates:

-78.681073, 36.117655

The Property

Parcel Number:

089618413817
Property Subtype:

Duplex
Property Type:

Residential Income
Lot Size Acres:

0.48
Lot Size Area:

20908.8
Lot Size SqFt:

20908.8
Lot Size Units:

Square Feet
View:

true
View:

Neighborhood
Other Structures:

Storage
Fencing:

None

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

4261.29

Beds

Bedrooms Total:

6

Baths

Total Baths:

3
Total Baths:

3
Total Baths:

4
Full Baths:

2
Half Baths:

2

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Microwave

The Community

Subdivision Name:

Dutchville
Pool Private:

false
Association Amenities:

None
Association:

false
# of Units Leased:

2

Parking

Attached Garage:

false
Parking Features:

Driveway
Open Parking:

true
Open Parking Spaces:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/23/24 Nov 23, 2024	Price Changed	DMLS	$461,000	-11.3%
9/24/24 Sep 24, 2024	Listed / Active	DMLS	$520,000

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This multifamily located in Creedmoor, NC 27522 is currently for sale for $461,000. 204 Allen Street Unit A-B is a 2,500 square foot multifamily with 6 beds and 4 baths that has been on Estately for 84 days. This multifamily is in the attendance area of Mount Energy Elementary School, G C Hawley Middle School, and South Granville High School.

Listing Courtesy of: DMLS and Keller Williams Realty.

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.