12600 Old Stage Rd Willow Spring, NC 27592
Estimated payment $4,871/month
Highlights
- 8.61 Acre Lot
- No HOA
- Vinyl Flooring
- Willow Springs Elementary School Rated A
- Cooling Available
- 1-Story Property
About This Home
A rare opportunity to acquire a high-performing rental portfolio generating over $100,000 in annual rental income with a 10% CAP rate. This 8.6-acre property includes 5 single-family homes and 4 duplexes (12 doors total)—all fully renovated and leased through February 2026, with just one unit currently on a month-to-month lease.Each home has been updated to move-in ready condition, offering a turnkey solution for investors seeking immediate cash flow. Strategically located near Panther Lake, this property also provides potential for creative long-term exit strategies, future development, or value-add opportunities.A vacant duplex on-site presents the possibility to increase the portfolio to 14 total units, further enhancing returns. With room to raise rents and long-term growth potential, this property offers both stability and upside for savvy investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,474
Year Built
- Built in 1920
Lot Details
- 8.61 Acre Lot
Home Design
- Slab Foundation
- Shingle Roof
Interior Spaces
- 10,823 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
Bedrooms and Bathrooms
- 20 Bedrooms
- 12 Full Bathrooms
Parking
- 20 Parking Spaces
- 20 Open Parking Spaces
Schools
- Willow Springs Elementary School
- Herbert Akins Road Middle School
- Willow Spring High School
Utilities
- Cooling Available
- Shared Well
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0696109576
Map
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 | $2,474 | $350,129 | $109,788 | $240,341 |
| 2023 | $4,176 | $497,102 | $167,942 | $329,160 |
| 2022 | $3,890 | $497,102 | $167,942 | $329,160 |
| 2021 | $3,793 | $497,102 | $167,942 | $329,160 |
| 2020 | $3,735 | $497,102 | $167,942 | $329,160 |
| 2019 | $4,056 | $459,953 | $208,050 | $251,903 |
| 2018 | $3,751 | $459,953 | $208,050 | $251,903 |
| 2017 | $3,570 | $459,953 | $208,050 | $251,903 |
| 2016 | $3,511 | $460,953 | $209,050 | $251,903 |
| 2015 | $3,720 | $492,457 | $222,860 | $269,597 |
| 2014 | -- | $492,457 | $222,860 | $269,597 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | For Sale | $835,000 | -- | $77 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | 24 Hour Title | |
| Warranty Deed | $180,000 | Accommodation | |
| Warranty Deed | $325,000 | -- | |
| Trustee Deed | $271,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Purchase Money Mortgage |
Source: Doorify MLS
MLS Number: 10102712
APN: 0696.03-10-9576-000
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