Sold
Last Sold Price
20 beds10,823 sqft
12600 Old Stage Rd, Willow Spring, NC 27592
Multi FamilyProperty Type
8.61 acresLot Size
1920Year Built
$72/sq ftPrice per sq ft
20 carsParking Spaces

Description

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...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.
  • Listed by: Robert William Buesser 201.675.6780 rob@dashnc.com Brokerage DRE #C31829 • DASH Carolina
Listing closed: 07/09/2025 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10102712

Location

Listing Courtesy of DASH Carolina

Sold By Kevin Van Zyl

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Payment Calculator

$4,211 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,005

Property Taxes

$206

HOA Dues

$0

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Property Information for 12600 Old Stage Road

Property Details
  • Taxes: $2,474 / year
  • MLS Type: Residential / Duplex
  • County: Wake County
  • Subdivision: Not in a Subdivision
Building Information
  • Stories: 1
  • Year Built: 1920
  • Lot Size: 8.61 AC / 375,050 SF
Summary
Location and General Information
  • Directions: Follow I-440 E, I-40 E and NC-540 W to Old Stage Rd. Exit from NC-540 W. Drive to Old Stage Rd.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.564743
  • Longitude: -78.690228
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $2,474.30
  • Has City Limits: No
  • Lot Number: 2
  • Has Restrictive Covenants: No
Contract Information
  • Lease Expiration Date: 2026-02-28
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Willow Springs Elementary
  • Middle Or Junior School: Wake - Herbert Akins Road Middle
  • High School: Wake - Willow Spring High School
Parking
  • Open Parking Spaces: 20.0
  • Open Parking: Yes
  • Garage: No
Property
Lot Information
  • Building Area Total: 10823.0
  • Architectural Style: Ranch
  • Total Other Area Sq Ft: 0.0
  • Parcel Number: 0696109576
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: Yes
  • Has Primary Residence: Yes
  • Sold PriceList Price: 0.93
Property and Assessments
  • New Construction: No
Utilities
  • Sewer: Shared Septic, Septic Tank
  • Water Source: Shared Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete
  • Foundation Details: Slab
  • Roof: Shingle
  • New Construction Type: Concrete
Interior Features
  • Levels: One
  • Stories: 1
  • Master Bedroom 1st Floor: Yes
  • Flooring: Vinyl
  • Cooling: Other
  • Has Cooling: Yes
  • Heating: See Remarks
Room Information
Room 1
  • Type: Primary Bedroom
  • Level: Main
Rental
Rental Information
  • Lease Term: 12 Months

Property History for 12600 Old Stage Road

DateEvent & SourcePriceAppreciation
Jul 9, 2025

Sold (Public Record)

Public Record #1904549822

$775,000

+24.7% / yr

Jul 9, 2025

Sold

Doorify MLS (fka Triangle MLS) #10102712

$775,000
Jun 17, 2025

Pending

Doorify MLS (fka Triangle MLS) #10102712

DateEvent & SourcePrice
07/09/2025

Sold (Public Record)

Public Record #1904549822

$775,000

+24.7% / yr

07/09/2025

Sold

Doorify MLS (fka Triangle MLS) #10102712

$775,000
06/17/2025

Pending

Doorify MLS (fka Triangle MLS) #10102712

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 12600 Old Stage Road

Taxable ValueLand$109,788Additions$240,341Total$350,129
Tax Record2025$2,539 ($212 / month)
Home Facts
Baths6Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStories1Lot Size375,052 SqFtStyleDuplexYear Built1920Year Renovated1957ZoningR-30CountyWAKEAPN0696.03-10-9576 0112309

Schools near 12600 Old Stage Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Willow Springs Elementary
PublicK to 5

Herbert Akins Road Middle
Public6 to 8

Willow Spring High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of DASH Carolina

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.