$775,000
SOLD JUL 9, 2025

12600 Old Stage Rd Willow Spring, NC 27592

20 Beds
12 Baths
10,823 Sq Ft
8.61 Acres

Recently Sold

$72 Per Sq Ft

7% Below List Price

4 Days on Market

Highlights

  • 8.61 Acre Lot
  • No HOA
  • Vinyl Flooring
  • Willow Springs Elementary School Rated A
  • Cooling Available
  • 1-Story Property

About This Home

As of July 2025

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)—most of the homes have been extensively renovated and are leased through February 2026, with just one unit currently on a month-to-month lease.

The homes are in 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.

Last Agent to Sell the Property

Robert Buesser

DASH Carolina License #313444 Listed on: 06/12/2025

DASH Carolina

Last Buyer's Agent

Kevin Van Zyl

Kevin Van Zyl License #161849

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,474

Year Built

  • Built in 1920

Lot Details

  • 8.61 Acre Lot

Home Design

  • Concrete Foundation
  • 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
  • Shared Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0696109576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,474

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 10823.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • General Property Information Enhanced Accessible2: No
  • Water Source Shared Well: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 10823.0
  • General Property Information Lot Size Square Feet2: 375050.0
  • General Property Information Lot Size Acres: 8.61
  • General Property Information Stories2: 1
  • General Property Information:Living Area3: 10823.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Basement YN: No
  • Full Bathrooms: 12
  • Total Bedrooms: 20
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Acres: 8.61
  • Disclosures: Seller Disclosure
  • Construction Type: Concrete
  • Foundation Details: Concrete, Slab
  • Construction Materials:Concrete2: Yes

Garage/Parking

  • Open Parking Spaces: 20.0
  • Open Parking: Yes
  • Total Parking Spaces: 20.0
  • General Property Information:Parking Total: 20.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 20.0

Utilities

  • Heating: See Remarks
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Shared Well
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Willow Spring
  • Middle Or Junior School: Wake - Herbert Akins Road

Lot Info

  • Lot Size Sq Ft: 375050.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0696109576

Rental Info

  • Lease Term: 12 Months

Tax Info

  • Tax Annual Amount: 2474.3
  • Tax Year: 2025
  • Tax Map Number: 2

MLS Schools

  • Elementary School: Wake - Willow Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2025
Closed on
Jul 9, 2025
Sold by
Villa Casa Llc
Bought by
12600 Old Stage Rd Llc
Seller's Agent
Robert Buesser
DASH Carolina
Buyer's Agent
Kevin Van Zyl
Kevin Van Zyl
List Price
$835,000
Sold Price
$775,000
Premium/Discount to List
-$60,000
-7.19%
Views
9
Current Estimated Value
$752,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,333
Avg. Annual Appreciation
-5.68%

Purchase Details

Closed on
Dec 2, 2021
Sold by
Zenith Trust Llc
Bought by
Villa Casa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2021
Sold by
Zenith Trust Llc
Bought by
Villa Casa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2005
Sold by
Schaler Raymond T and Schaler Vivian L
Bought by
Mitchiner Eugene Hoke

Purchase Details

Closed on
Nov 30, 2004
Sold by
Bunn Wilton Leroy and Bunn Pamela Edwards
Bought by
Schaler Raymond T and Schaler Karen C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $775,000 None Listed On Document
Warranty Deed $775,000 None Listed On Document
Warranty Deed $350,000 24 Hour Title
Warranty Deed $180,000 Accommodation
Warranty Deed $180,000 None Listed On Document
Warranty Deed $350,000 None Listed On Document
Warranty Deed $325,000 --
Trustee Deed $271,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $100,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2025 07/09/25 Sold $775,000 -7.2% $72 / Sq Ft
06/16/2025 06/16/25 Pending -- -- --
06/12/2025 06/12/25 For Sale $835,000 -- $77 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

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
2025 -- $350,129 $109,788 $240,341
2024 $2,474 $350,129 $109,788 $240,341
Source: Public Records

Agents Affiliated with this Home

  • Robert Buesser

    Seller's Agent in 2025

    Robert Buesser

    DASH Carolina

    (201) 675-6780

    1 in this area

    75 Total Sales

    Robert Buesser
    Section Image

  • K

    Buyer's Agent in 2025

    Kevin Van Zyl

    Kevin Van Zyl

    (919) 608-1306

    1 in this area

    75 Total Sales

    Kevin Van Zyl
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10102712

Doorify MLS

APN: 0696.03-10-9576-000

North Carolina Wake County Willow Spring 27592

12600 Old Stage Rd, Willow Spring, NC

Sold

MultiFamily

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