Seller's Agent in 2025
Matt Perry
Keller Williams Elite Realty
(919) 789-1635
13 in this area
798 Total Sales
204 Allen St Unit A & B Creedmoor, NC 27522
6
Beds
4
Baths
2,476
Sq Ft
0.48
Acres
Highlights
- Deck
- No HOA
- Cooling Available
- Traditional Architecture
- Front Porch
- Living Room
About This Home
As of May 2025ATTENTION INVESTORS! Rare Duplex (1of 5 being offered by this seller) in Creedmoor at an in place Cap Rate of 7.4% 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 $60K in renovations including refinished decks 2024, full gut in unit 204 B with new LVP flooring downstairs and bathrooms and new carpet upstairs as well as new kitchen and bathroom cabinets and new appliances in 2021. 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.
Last Agent to Sell the Property
Keller Williams Elite Realty License #234841 Listed on: 04/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,261
Year Built
- Built in 2003
Lot Details
- 0.48 Acre Lot
Home Design
- Traditional Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,476 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Living Room
- Dining Room
- Basement
- Crawl Space
Flooring
- Carpet
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 4 Parking Spaces
- 4 Open Parking Spaces
Outdoor Features
- Deck
- Front Porch
Schools
- Mount Energy Elementary School
- Hawley Middle School
- S Granville High School
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 089618413817
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 3, 2025
Closed on
May 23, 2025
Sold by
Mayas Management Llc
Bought by
Carlton Brandon and Sienna Carlton
Seller's Agent
Matt Perry
Keller Williams Elite Realty
Buyer's Agent
Brandon Carlton
Apple Realty
List Price
$409,900
Sold Price
$400,000
Premium/Discount to List
-$9,900
-2.42%
Views
57
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.29%
Original Mortgage
$300,000
Outstanding Balance
$300,000
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$98,520
Purchase Details
Closed on
Jul 7, 2022
Sold by
204 Allen Street A/B Trust
Bought by
Mayas Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,580,000
Interest Rate
5.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 22, 2017
Sold by
Tomek Alexander D and Tomek Kettin
Bought by
Mayas Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,255,000
Interest Rate
4.1%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | None Listed On Document | |
| Warranty Deed | $400,000 | None Listed On Document | |
| Warranty Deed | -- | Mann Mcgibney And Jordan Pllc | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Closed | $300,000 | New Conventional | |
| Previous Owner | $1,580,000 | New Conventional | |
| Previous Owner | $1,255,000 | Commercial | |
| Previous Owner | $105,500 | New Conventional | |
| Previous Owner | $102,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Sold | $400,000 | -2.4% | $162 / Sq Ft |
| 04/22/2025 04/22/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | For Sale | $409,900 | -- | $166 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $4,574 | $378,620 | $32,130 | $346,490 |
| 2023 | $2,550 | $162,962 | $25,704 | $137,258 |
| 2022 | $2,528 | $162,962 | $25,704 | $137,258 |
| 2021 | $2,518 | $162,962 | $25,704 | $137,258 |
| 2020 | $2,518 | $162,962 | $25,704 | $137,258 |
| 2019 | $2,518 | $162,962 | $25,704 | $137,258 |
| 2018 | $2,518 | $162,962 | $25,704 | $137,258 |
| 2016 | $2,295 | $139,054 | $25,704 | $113,350 |
| 2015 | $2,216 | $139,054 | $25,704 | $113,350 |
| 2014 | $2,265 | $139,054 | $25,704 | $113,350 |
| 2013 | -- | $139,054 | $25,704 | $113,350 |
Source: Public Records
Agents Affiliated with this Home
-
-
B
Buyer's Agent in 2025
Brandon Carlton
Apple Realty
(984) 302-0570
3 in this area
38 Total Sales
Map
Source: Doorify MLS
MLS Number: 10086697
APN: 089618413817
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