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$1,150,000
594/618/648 Cedar Lake Road A & B, Chapel Hill, NC 27516
0 Beds
0 Baths
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READY TO GO! *UPDATED 6-UNIT (3 Duplexes) INVESTMENT on approx 5 ACRES in CHAPEL HILL w/ LOW CHATHAM COUNTY TAXES & NO HOA! *Over 4,400 total sq ft & $6,650 in current monthly rental income w/ increase potential *EXCELLENT RENTAL HISTORY *ALL 6-units identical w/ major UPDATES in 2018-2019 w/ NEW floors, kitchen, appliances, bathrooms, fixtures, fiber cement exterior siding, electrical, decks/porches & more *Each individual unit (6 total) is 736 sq ft - 2 BR / 1 Bath w/ Kitchen, Living Room w/ Fireplace, Rear Decks & Wooded Views ALL close to UNC/CH, Hospital, shops, food, grocery in a HIGH GROWTH area between Chapel Hill & Pittsboro/Chatham Park! ALL 6-Units are rented (4 units for $1,100 and 2 for $1,150) with excellent rental history!
  • Price:
  • $1,150,000
  • Square Footage:
  • 4,416
  • Acreage:
  • 4.96
  • Year Built:
  • 1981
  • Listing ID #:
  • 2461223
  • Street Address:
  • 594/618/648 Cedar Lake Road A & B
  • City:
  • Chapel Hill
  • State:
  • North Carolina
  • Postal Code:
  • 27516
  • County:
  • Chatham
  • Subdivision:
  • Cedar Lake
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Basement Description:
  • Crawl Space
  • Construction Type:
  • Fiber Cement
  • Finished Above Ground Square Footage:
  • 4416
  • Fireplace:
  • Yes
  • Has Handicap Features:
  • Level Flooring, Main Floor Laundry
  • Interior Features:
  • 1 Bath, 1st Floor Bedroom, 2 Bedroom, Kitchen, Living Room
  • Number Of Fireplaces:
  • 4
  • Number Of Units:
  • 6
  • Stories:
  • Unit 1/1 Sty, Unit 2/1sty, Unit 3/1 Sty, Unit 4/1sty
  • Total Building Square Footage:
  • 4416
  • Year Built:
  • 1981
  • Conforms To Zoning:
  • R-2
  • Lot Features:
  • Hardwood Trees, Partially Cleared
  • Days On Market:
  • 202
  • Originating Mls:
  • Triangle Mls, Inc
  • Subdivision:
  • Cedar Lake
  • Property Taxes:
  • $5,206
  • Show Listing And/Or Property Address:
  • Yes
  • Parking Description:
  • 2 Space/Unit, Off Street
  • Patio Description:
  • Deck, Porch
  • Appliances:
  • Range/Oven, Refrigerator
  • Cooling System:
  • Central Air, Heat Pump
  • Existing Water:
  • Well
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Forced Air, Heat Pump, Electric, Fireplace(s), Fireplace
  • Laundry:
  • W/D Connection
  • Sewage Type:
  • Septic Tank
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Chad Lloyd () with Fonville Morisey/Chapel Hill Sales Office
  • “Copyright 2023 Triangle MLS, Inc. of North Carolina. All rights reserved.” NCTRIANGLE