202 Allen St Creedmoor, NC 27522
This exceptional investment opportunity presents a portfolio of six duplexes, totaling twelve units, situated across two prime locations in Creedmoor and Garner, North Carolina. Spanning 3.08 acres, the property boasts a substantial 14,552 square feet of combined space. Currently operating at 100% occupancy, this fully leased multifamily property offers immediate and substantial rental income. The six buildings, each a two-story structure, are strategically located in Granville and Wake Counties, providing access to the growing Triangle area. The property's 12 units offer a significant number of bedrooms, making it an attractive option for a wide range of tenants. The asking price is $2,999,995, representing a compelling value for a fully occupied, multi-unit property in a high-growth market. This portfolio presents a rare chance to acquire a stable, high-yielding investment with significant potential for future appreciation. The property's strong occupancy rate and prime locations in rapidly developing areas make it an ideal investment for both seasoned and aspiring real estate investors seeking a diversified portfolio with immediate returns. Detailed financial information and property specifics are available upon request. This is a turnkey investment ready for immediate income generation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.