209 Mill St A/B Unit A/B Creedmoor, NC 27522
Property details
About 209 Mill St A/B
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 $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.
Highlights
Summary
- MLS Number: 10086712
- MLS Name: Doorify MLS
- Office Name: Keller Williams Elite Realty
- Office Phone: (984) 244-5830
- Office Email: thobbs1234@gmail.com
- Listing Agent: Matt Perry, Shawn Carter
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Last updated on: 4/26/2025, 12:50:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$389,900
209 Mill St A/B
$4,630
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Creedmoor Elementary School
Public District PK-5
0.4 mi
•305 E Wilton Ave
3
Mount Energy Elementary School
Public District PK-5
2.7 mi
•2652 Hwy 56
6
Butner - Stem Elementary School
Public District PK-5
4.3 mi
•201 E D St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,578. The most common annual income of people living in Unit A/B Creedmoor, NC is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Monster Trucks
Where do the neighbors shop?
Wal-Mart
Academy Sports & Outdoors
Dollar General
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
Chevrolet
GMC
What do the neighbors listen to?
Classic Country
New Country- Country
This home is located at 209 Mill St A/B in Unit A/B Creedmoor, NC and zip code 27522. This 2,476 square foot home, which was built in 2003, sits on a 0.54 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $389,900.
In March 2025 more than 1 listings in Unit A/B Creedmoor, NC were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below. The number of homes for sale in Unit A/B Creedmoor, NC increased by 8.8% between February and March 2025. The median list price of listings available in March 2025 was $365,000, while the average time on the real estate market was 35 days.