Bought with Banks Residential
$402,000
$399,900
0.5%For more information regarding the value of a property, please contact us for a free consultation.
309 Watson Street #A/B Creedmoor, NC 27522
6 Beds
6 Baths
2,476 SqFt
Key Details
Sold Price $402,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,476 sqft
Price per Sqft $162
Subdivision Not In A Subdivision
MLS Listing ID 10086718
Sold Date 05/29/25
Bedrooms 6
Full Baths 4
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 2,476
Year Built 2003
Annual Tax Amount $4,259
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type Duplex
Source Triangle MLS
Property Description
ATTENTION INVESTORS! Rare Duplex (1of 5 being offered by this seller) in Creedmoor at an in place Cap Rate of 7.3% 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 new paint and stainless appliances 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 $50K in renovations including refinished decks 2024, In both units all new LVP flooring downstairs and bathrooms and new carpet upstairs in 2023 as well as a few new appliances in last 5 years. New HVAC systems in both units in 2020. 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
State NC
County Wake
Direction via S Main St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St. Turn right Turn right. HOME is on the LEFT.
Rooms
Bedroom Description [{\"RoomType\":\"Primary Bedroom\",\"RoomKey\":\"20250403163432574641000000\",\"RoomDescription\":null,\"RoomWidth\":10.3,\"RoomLevel\":\"Second\",\"RoomDimensions\":\"13.4 x 10.3\",\"RoomLength\":13.4},{\"RoomType\":\"Entrance Hall\",\"RoomKey\":\"20250403163432593030000000\",\"RoomDescription\":null,\"RoomWidth\":9,\"RoomLevel\":\"Main\",\"RoomDimensions\":\"8 x 9\",\"RoomLength\":8},{\"RoomType\":\"Kitchen\",\"RoomKey\":\"20250403163432611457000000\",\"RoomDescription\":null,\"RoomWidth\":9.6,\"RoomLevel\":\"Main\",\"RoomDimensions\":\"10 x 9.6\",\"RoomLength\":10},{\"RoomType\":\"Dining Room\",\"RoomKey\":\"20250403163432630377000000\",\"RoomDescription\":null,\"RoomWidth\":13,\"RoomLevel\":\"Main\",\"RoomDimensions\":\"9 x 13\",\"RoomLength\":9},{\"RoomType\":\"Living Room\",\"RoomKey\":\"20250403163432648864000000\",\"RoomDescription\":null,\"RoomWidth\":19.2,\"RoomLevel\":\"Main\",\"RoomDimensions\":\"10.2 x 19.2\",\"RoomLength\":10.2},{\"RoomType\":\"Bedroom 2\",\"RoomKey\":\"20250403163432667520000000\",\"RoomDescription\":null,\"RoomWidth\":9.5,\"RoomLevel\":\"Second\",\"RoomDimensions\":\"10.5 x 9.5\",\"RoomLength\":10.5},{\"RoomType\":\"Bedroom 3\",\"RoomKey\":\"20250403163432685597000000\",\"RoomDescription\":null,\"RoomWidth\":9.3,\"RoomLevel\":\"Second\",\"RoomDimensions\":\"10.5 x 9.3\",\"RoomLength\":10.5},{\"RoomType\":\"Entrance Hall\",\"RoomKey\":\"20250403163432703225000000\",\"RoomDescription\":null,\"RoomWidth\":9,\"RoomLevel\":\"Main\",\"RoomDimensions\":\"8 x 9\",\"RoomLength\":8},{\"RoomType\":\"Kitchen\",\"RoomKey\":\"20250403163432721166000000\",\"RoomDescription\":null,\"RoomWidth\":9.6,\"RoomLevel\":\"Main\",\"RoomDimensions\":\"10 x 9.6\",\"RoomLength\":10},{\"RoomType\":\"Dining Room\",\"RoomKey\":\"20250403163432738919000000\",\"RoomDescription\":null,\"RoomWidth\":13,\"RoomLevel\":\"Main\",\"RoomDimensions\":\"9 x 13\",\"RoomLength\":9},{\"RoomType\":\"Living Room\",\"RoomKey\":\"20250403163432756627000000\",\"RoomDescription\":null,\"RoomWidth\":19.2,\"RoomLevel\":\"Second\",\"RoomDimensions\":\"10.2 x 19.2\",\"RoomLength\":10.2},{\"RoomType\":\"Primary Bedroom\",\"RoomKey\":\"20250403163432774726000000\",\"RoomDescription\":null,\"RoomWidth\":10.3,\"RoomLevel\":\"Second\",\"RoomDimensions\":\"13.4 x 10.3\",\"RoomLength\":13.4},{\"RoomType\":\"Bedroom 2\",\"RoomKey\":\"20250403163432792382000000\",\"RoomDescription\":null,\"RoomWidth\":9.3,\"RoomLevel\":\"Second\",\"RoomDimensions\":\"10.5 x 9.3\",\"RoomLength\":10.5},{\"RoomType\":\"Bedroom 3\",\"RoomKey\":\"20250403163432810456000000\",\"RoomDescription\":null,\"RoomWidth\":9.5,\"RoomLevel\":\"Second\",\"RoomDimensions\":\"10.5 x 9.5\",\"RoomLength\":10.5}]
Basement Crawl Space
Interior
Heating Electric
Cooling Electric
Flooring Carpet, Vinyl
Exterior
View Y/N Yes
Roof Type Shingle
Porch Deck, Front Porch, Porch
Garage No
Private Pool No
Building
Faces via S Main St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St. Turn right Turn right. HOME is on the LEFT.
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Granville - Mount Energy
Middle Schools Granville - Hawley
High Schools Granville - S Granville
Others
Tax ID 089618420240
Special Listing Condition Standard
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