2 months on rocket

309/311 Watson Street 309 & 311, Creedmoor, NC, 27522

$461,000

Home List Price

$5,474*

Closing Credit

6 Bedrooms
4 Full Baths, 2 Partial
2,500 SqFt
$184/SqFt
Multi

Location

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309/311 Watson Street 309 & 311, Creedmoor$461,000

Buyer Closing Credits

$5,474*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Gravel
Year Built2003
HeatingCentral
CoolingCentral Air
MLS #10054514
Lot Size0.61 Acres
StatusActive

About 309/311 Watson Street 309 & 311

Investor special with huge Value Add potential! Current owner has long term tenants with below market rents in high growth areas. A new owner can realize a significant upside and could reach a 7.25 prcnt Cap rate with small investment in items like new flooring and paint and bringing the units up to current market rates estimated to be $1,795. This income producing duplex is part of a portfolio of 6 buildings which include 12 leased units. 309 and 311 Watson St include 2 units in the same duplex, each features 3 beds 2.5 baths each and a total of 2,500 square feet . This property can only be sold as part of the portfolio listed at $2,695,000 with a 6 prcnt Cap rate. Buildings sold as part of this portfolio are listed under the following MLS numbers: 10054463, 10054486, 10054497, 10054505, 10054522 Creedmoor, NC, is a charming small town in Granville County experiencing steady growth due to its proximity to major metropolitan areas like Raleigh and Durham, both just a 22 -minute drive away. It's conveniently located near I-85, Hwy 50, and Hwy 98, with additional benefits from the completion of I-885, enhancing connectivity to the region. Known for its peaceful atmosphere and affordable living, Creedmoor is attracting individuals seeking suburban comfort with easy access to urban amenities. The town benefits from steady employment opportunities in nearby Research Triangle Park and the greater Raleigh-Durham area, driving local job growth. Creedmoor's tight-knit community and scenic surroundings make it a desirable place to live while staying connected to the Triangle's economic hub. Investing in income-producing duplexes is a smart move, especially in today's market. Duplexes offer the unique advantage of generating rental income from two units on a single property, increasing your cash flow potential. As demand for affordable housing continues to rise, particularly in growing markets like the Triangle, duplexes appeal to both tenants and investors due to their affordability and versatility. Please, no tours, as tenants do not want the property shown. Tours by appointment only. Do not knock on the doors of these units.

Property Details

Property Features

Property Information:

  • Architectural Style: Transitional
  • Year Built: 2003
  • Living Area: 2,500 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (919) 676-0600
  • Listing Agent: Paulina Bohorquez

Interior Features

Interior Information:

  • Flooring Type: Carpet, Luxury Vinyl

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: None, Deck, Porch

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Gravel

Lot Features

Lot Information:

  • Lot Size: 0.61 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 2 min from downtown Creedmoor Head east on W Wilton Ave toward N Main St 85 ft Turn right onto S Main St 0.1 mi Turn left onto Park Ave 0.2 mi Turn right onto Cozart St 0.2 mi Turn left onto Watson St Destination will be on the left 23 min from Durham Follow I-85 N/US-15 N to W Hillsboro St in Granville County, 13 min (12.8 mi) Merge onto I-85 N/US-15 N/US-70 E Continue to follow I-85 N/US-15 N. 7.9 mi Take exit 186A for US-15 toward Creedmoor. 0.3 mi Continue straight to stay on US-15 N 5.2 mi Continue on W Lake Rd. Take Park Ave and Cozart St to Watson St 2 min (0.7 mi) Turn right onto W Lake Rd 0.2 mi Turn right onto N Main St 154 ft Turn left onto Park Ave 0.2 mi Turn right onto Cozart St 0.2 mi Turn left onto Watson St Destination will be on the left 351 ft

Price Information

Listing Price Info

Price Summary:

  • List Price: $461,000
  • Price Per SqFt: $184/SqFt
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Housing Market Comparison

See how this home compares to others in Creedmoor, NC.

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Creedmoor, NC

City

Med. Sold Price

$350K

Med. Price/SqFt

$199

Avg. Days On Market

53

# of Sold Homes

7

309/311 Watson Street 309 & 311 vs Creedmoor

85 DAYS ON ROCKET

+32 Days

$461,000

+$111K More

$184/SqFt

-$16 Less

KEY TAKEAWAY

This property is $111K more than the Median Sold Price and $16/SqFt less than other homes in Creedmoor, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10054514

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (919) 676-0600
  • Listing Agent: Paulina Bohorquez

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 7:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,449

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-75431
3
/10

  • Creedmoor Elementary School

  • 305 E Wilton Ave

  • 0.39 miles

  • Public District Grades PK-5

school-card-donut-75432
5
/10

  • Mount Energy Elementary School

  • 2652 Hwy 56

  • 2.46 miles

  • Public District Grades PK-5

school-card-donut-75433
6
/10

  • Butner - Stem Elementary School

  • 201 E D St

  • 4.61 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,578. Most Creedmoor, NC residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›North Carolina›Granville County›Creedmoor›27522›309/311 Watson Street 309 & 311

This home is located at 309/311 Watson Street 309 & 311 in Creedmoor, NC and zip code 27522. This 2,500 square foot home, which was built in 2003, sits on a 0.61 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $461,000.

In November 2024, from all listings sold in Creedmoor, NC there were more than 0 sold above asking price, over 1 sold below and more than 6 were sold right at the asked price. The number of homes for sale in Creedmoor, NC decreased by 22% between October 2024 and November 2024. In November 2024, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $350,000.

From Rocket Homes Real Estate and based on county public records data.

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