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.”
