Listing Courtesy of: Paulina Bohorquez - Keller Williams Realty
919-676-0600
$461,000
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309/311 Watson Street Unit 309 & 311 Creedmoor, NC 27522
Duplex
Residence
6
Beds
6
Baths
...
Bed/Bath
2,500
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 in items like new flooring and paint and bringing the units up ...to current market rates estimated to be $1,795. This income producing duplex is part of a portfolio of 6 buildings which include 12 leased units. 309 and 311 Watson St include 2 units in the same duplex, each features 3 beds 2.5 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, 10054486, 10054497, 10054505, 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 the property shown. Tours by appointment only. Do not knock on the doors of these units.
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MLS#
10054514
Property Type
Duplex
Bedrooms
6
Bathrooms
Year Built
2003
Square Feet
2,500
sq. ft
Lot Size
0.61
Stories
2.0
Sewer
No Sewer, Public Sewer
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