$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
HOA Y/N No
Year Built 1981
Annual Tax Amount $5,206
Property Sub-Type Single Family Residence
Source Doorify MLS
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
Community Cedar Lake
Zoning R-2
Rooms
Basement Crawl Space
Interior
Cooling Central Air, Heat Pump
Flooring Luxury Vinyl
Fireplace Yes
Exterior
Parking Features Off Street
Garage Spaces 2.0
Total Parking Spaces 2
Garage No
Building
Lot Description Hardwood Trees, Partially Cleared
Water Well
New Construction No
Schools
Elementary Schools Chatham - Chatham Grove
Middle Schools Chatham - Margaret B Pollard
High Schools Chatham - Seaforth
Others
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
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