12600 Old Stage Road
Willow Springs, NC 27592A 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.
$835,000
20 bedrooms
12 full bathrooms
8.61 acres
10,823 square feet
$77 per square foot
Additional Property Information
- TypeDuplex
- Built1920
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaWillow Springs
- Elementary SchoolWake - Willow Springs
- Middle SchoolWake - Herbert Akins Road
- High SchoolWake - Willow Spring
Listing courtesy of DASH Carolina. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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Find your amount- Exterior Features
- Interior Features
- Property Features
- Construction Materials Concrete
- Lot Size Acres 8.61
- Above Grade Finished Area 10,823
- Cooling Other
- Cooling Y/N Yes
- Flooring Vinyl
- Heating See Remarks
- Rooms Total 1
- Tax Annual Amount 2474.3
- Water Source Shared Well
- Year Built 1920
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