202 Allen St Unit A & B Creedmoor, NC 27522
Estimated payment $2,533/month
Total Views
4,386
6
Beds
4
Baths
2,476
Sq Ft
$157
Price per Sq Ft
Highlights
- Deck
- No HOA
- Cooling Available
- Traditional Architecture
- Front Porch
- Living Room
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,280
Year Built
- Built in 2003
Lot Details
- 0.51 Acre Lot
Home Design
- Traditional Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,476 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Living Room
- Dining Room
- Basement
- Crawl Space
Flooring
- Carpet
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 4 Parking Spaces
- 4 Open Parking Spaces
Outdoor Features
- Deck
- Front Porch
Schools
- Mount Energy Elementary School
- Hawley Middle School
- S Granville High School
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 089618414846
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,532 | $380,357 | $33,867 | $346,490 |
| 2023 | $2,532 | $164,352 | $27,094 | $137,258 |
| 2022 | $2,548 | $164,352 | $27,094 | $137,258 |
| 2021 | $2,538 | $164,352 | $27,094 | $137,258 |
| 2020 | $2,538 | $164,352 | $27,094 | $137,258 |
| 2019 | $2,538 | $164,352 | $27,094 | $137,258 |
| 2018 | $2,538 | $164,352 | $27,094 | $137,258 |
| 2016 | $2,317 | $140,444 | $27,094 | $113,350 |
| 2015 | $2,237 | $140,444 | $27,094 | $113,350 |
| 2014 | $2,286 | $140,444 | $27,094 | $113,350 |
| 2013 | -- | $140,444 | $27,094 | $113,350 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | For Sale | $389,900 | -- | $157 / Sq Ft |
Source: Doorify MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Mann Mcgibney And Jordan Pllc | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,580,000 | New Conventional | |
| Previous Owner | $1,255,000 | Commercial | |
| Previous Owner | $105,500 | New Conventional | |
| Previous Owner | $102,000 | New Conventional |
Source: Public Records
Similar Homes in Creedmoor, NC
Source: Doorify MLS
MLS Number: 10086707
APN: 089618414846
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