309 Watson St # A/B, Creedmoor, NC 27522
$399,900
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Home 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.
- # Fireplaces: 0
- Flooring: Carpet,Vinyl
- Full Baths: 4
- Half Baths: 2
- Construction Materials: Vinyl Siding
- Roof: Shingle
- Foundation: Other
- Patio/Porch: Deck,Front Porch,Porch
Available now at $399,900
Approximate Room Sizes/Locations
| Dining Room | | 9.00 x 13.00 | Main |
| Dining Room | | 9.00 x 13.00 | Main |
| Entrance Hall | | 8.00 x 9.00 | Main |
| Entrance Hall | | 8.00 x 9.00 | Main |
| Kitchen | | 10.00 x 9.60 | Main |
| Kitchen | | 10.00 x 9.60 | Main |
| Living Room | | 10.20 x 19.20 | Main |
| Living Room | | 10.20 x 19.20 | Second |
- Property Type: Duplex
- Style: Traditional
- Levels: Two
- New Construction: No
- Heating: Electric
- Cooling: Electric
- Water Source: Public
- Sewer: Public Sewer
- Total HOA Dues: $0.00
- Annual Taxes: $4,259.59
- Listing Office: Keller Williams Elite Realty
- List Status: Pending
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School Information
- Elementary:Granville - Mount Energy
- Middle School:Granville - Hawley
- High School:Granville - S Granville
Financial
Area Stats
These statistics are updated daily from the Triangle Multiple Listing Services, Inc. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(713) 298-4147 and speak with one of our real estate consultants.
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116
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83
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$427,471
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40.7%
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$390,050
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68
0.0%
29.4%
50
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5.5%
45.1%
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1.9%
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171
1.8%
39.2%
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$523,462
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154
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32.5%
70
$411,166
$377,500
71
11.3%
40.8%
87
$346,314
$363,000
55
0.0%
34.5%
78
$959,472
$750,000
42
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40.5%
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$328,238
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97
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50.5%
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$218,950
$218,950
2
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100.0%
102
$1,064,991
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249
0.8%
21.7%
105
$369,506
$312,445
52
1.9%
55.8%
86
$271,063
$255,490
213
7.0%
42.7%
72
$614,128
$465,000
14
0.0%
42.9%
59
$329,188
$281,490
110
0.9%
33.6%
60
$386,876
$359,900
550
0.5%
32.7%
98
$386,405
$333,900
120
0.8%
28.3%
74
$703,893
$685,278
42
4.8%
31.0%
70
$359,577
$344,950
207
1.4%
39.6%
85
$350,810
$320,990
22
0.0%
18.2%
53
$386,151
$375,990
55
3.6%
32.7%
86
$404,427
$369,900
11
0.0%
27.3%
41
$407,406
$443,750
16
0.0%
50.0%
33
Listing Courtesy of Keller Williams Elite Realty.
For information or to schedule a viewing of this property (MLS# 10086718), call: 713-298-4147
309 Watson St # A/B, Creedmoor NC is a single family home of 2476 sqft and
is currently priced at $399,900
.
This single family home has 6 bedrooms.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos and New Homes
in Creedmoor, NC.
Amberleaf, Wilson Place and Springhill are nearby neighborhoods.
MLS 10086718 has been posted on this site since 4/3/2025 (today).
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non-commercial use. Copyright 2025 Doorify MLS of North Carolina. All rights reserved. Listings last updated 4/25/2025.