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.
Sold for $775,000 on 07/09/25
$775,000
12600 Old Stage Rd, Willow Spring, NC 27592
20beds
10,823sqft
Duplex, Residential
Built in 1920
-- sqft lot
$822,200 Zestimate®
$72/sqft
$2,026 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 11:15am
Listed by:
Robert William Buesser 201-675-6780,
DASH Carolina
Bought with:
KEVIN Van Zyl, 161849
Kevin Van Zyl
Source: Doorify MLS,MLS#: 10102712

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 12
- Full bathrooms: 12
Heating
- See Remarks
Cooling
- Other
Features
- Flooring: Vinyl
Interior area
- Total structure area: 10,823
- Total interior livable area: 10,823 sqft
- Finished area above ground: 10,823
- Finished area below ground: 0
Property
Parking
- Total spaces: 20
- Parking features: Open
- Uncovered spaces: 20
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 8.61 Acres
Details
- Parcel number: 0696109576
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex, Residential
- Attached to another structure: Yes
Materials
- Concrete
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Septic Tank, Shared Septic
- Water: Shared Well
Community & neighborhood
Location
- Region: Willow Spring
- Subdivision: Not in a Subdivision
Services availability
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Estimated market value
$822,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$822,200