207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
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207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
207 Mill Street Unit: A/B
Sold

207 Mill Street Unit: A/B

207 Mill Street Unit: A/B, Creedmoor, NC 27522

$379,900
ATTENTION INVESTORS! Rare Duplex (1of 5 being offered by this seller) in Creedmoor at an in place Cap Rate of 7% 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 $25K in renovations including refinished decks 2024, New HVAC systems 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.

6
beds

4
baths

2,476 Sq.Ft. LIVING AREA

0.57 Acres lot

Emilee Carraway

Emilee Carraway

Features & Amenities

Interior

  • total bedrooms6
  • Total bathrooms4
  • full bathrooms2
  • half bathrooms2
  • Flooring Vinyl, Tile

Area & Lot

  • Status Sold
  • Living Area2,476 Sq.Ft.
  • Lot Area0.57 Acres
  • MLS® ID10086710
  • TypeMulti-Family
  • YEAR BUILT2003
  • Architecture StylesTraditional
  • Elementary SchoolGranville - Mount Energy
  • Middle SchoolGranville - Hawley
  • High SchoolGranville - S Granville

Exterior

  • STORIES2
  • water SourcePublic
  • roofShingle
  • HEAT TYPEElectric
  • AIR CONDITIONINGElectric
  • sewerPublic Sewer
  • SubstructureOther

Financial

  • Sales Price$379,900
  • Real Estate Tax $4,248/yr

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Our team has spent over 25 years working with buyers, sellers, builders and investors to make housing dreams come to life. As multi million dollar producers and an award winning team, you want us on your side in this market. Take some time to meet and learn more about us or read reviews from our past clients. We are excited to work with you!

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