Bought with Premier Advantage Realty Inc
$1,025,000
$1,150,000
10.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/15/2023
Key Details
Sold Price $1,025,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Cedar Lake
MLS Listing ID 2461223
Sold Date 08/15/23
Originating Board Triangle MLS
Year Built 1981
Annual Tax Amount $5,206
Property Description
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!
Location
State NC
County Chatham
Zoning R-2
Direction From Chapel Hill, take 15-501 S, turn right onto Manns Chapel Road (at McDonalds/CVS), turn right onto Cedar Lake Road & go all the way to the end and turn right into property...618-A is the middle duplex and unit is on the left.
Rooms
Basement Crawl Space
Interior
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Flooring Vinyl
Fireplace Yes
Exterior
Handicap Access Accessible Washer/Dryer, Level Flooring
Parking Type Off Street
Garage No
Private Pool No
Building
Lot Description Hardwood Trees, Partially Cleared
Faces From Chapel Hill, take 15-501 S, turn right onto Manns Chapel Road (at McDonalds/CVS), turn right onto Cedar Lake Road & go all the way to the end and turn right into property...618-A is the middle duplex and unit is on the left.
Sewer Septic Tank
Water Well
Structure Type Fiber Cement
New Construction No
Schools
Elementary Schools Chatham - Chatham Grove
Middle Schools Chatham - Margaret B Pollard
High Schools Chatham - Seaforth
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