Creedmoor, NC 27522 202 Allen Street #A/B

Pending
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Presented By: Keller Williams Elite Realty;
  • MLS# 10086707
  • 04/03/2025
  • Request Tour
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  • Beds • 6
  • Full/Half Baths • 2 / 2
  • SQFT • 2,476

Home Details

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 $30K in renovations including refinished decks 2024, new Paint and LVP downstairs and new carpet upstairs in 202 A in 2022. New HVAC systems, both unit in 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.
Presented By: Keller Williams Elite Realty;

Interior Features for 202 Allen Street #A/B

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths2
Total Baths4

Other Interior Features

Above Grade Finished Area2476
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
BasementCrawl Space
Below Grade Finished Area
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringCarpet, Vinyl, Tile
Heating Y/NYes

General for 202 Allen Street #A/B

Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityCreedmoor
Construction MaterialsVinyl Siding
CoolingElectric
CountyWake
Directionsvia Park Ave and Cozart St. Head east on W Wilton Ave toward N Main St. Turn right onto S Main St. Turn left onto Park Ave. Turn right onto Cozart St. Turn left onto Troy St.
Elementary SchoolGranville - Mount Energy
Full Baths2
Garage Y/NNo
HOANo
HeatingElectric
High SchoolGranville - S Granville
Lease Considered Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet22215.6
Lot Size UnitsSquare Feet
Middle/Junior High SchoolGranville - Hawley
ModificationTimestamp2025-04-23T16:04:03.000Z
New ConstructionNo
Ok to Lease12 Months
Open Parking Spaces4
Patio/Porch FeaturesDeck, Front Porch, Porch
Property Attached Y/NYes
Property SubtypeDuplex
Property TypeResidential
RoofShingle
RoomsPrimary Bedroom, Entrance Hall, Kitchen, Dining Room, Living Room, Bedroom 2, Bedroom 3, Entrance Hall, Kitchen, Dining Room, Living Room, Primary Bedroom, Bedroom 2, Bedroom 3
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Stories2
Subdivision NameNot in a Subdivision
Tax Annual Amount4279.55
Total Rooms14
Unit NumberA/B
Waterfront Y/NNo
Year Built2003

Exterior for 202 Allen Street #A/B

Building Area Total2476
Foundation DetailsOther
Horse Y/NNo
Lot Size Acres0.51
Lot Size Area22215.6
Open Parking Y/NYes
SpaNo
Water SourcePublic

Additional Details

Price History

Schools

High School Granville - S Granville High School
Middle School Granville - Hawley Middle School
Elementary School Granville - Mount Energy Elementary School

Nina Gervase

Realtor
Price $389,900
MLS#10086707
List Date 04/03/2025
Property Type Pending
Phone 919.323.0880
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