594 Cedar Lake Road,Chapel Hill, NC 27516
Chapel Hill, NC 27516
Description
Turnkey Multi Unit Investment opportunity available! Updated 6 - unit Condominium units on approx. 5 acres in the beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6 -unit condominium package on almost 5 acres of land that has much more potential. All 6 units have an excellent and proven rental history that is just minutes to UNC/CH hospital, shops and grocery stores. Each unit is 736 sq ft and offers a 2 bed / 1 bath, fireplace, new floors, appliances, fiber cement siding, decks and more! One unit is available for showings while being updated. Units are managed by Evans Property Management
Details
| MLS # | 10195912 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1981 |
| Days On Site | 32 |
| Listing Provided By | 1st Choice Realty of Triangle | Todd Averette |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 4,416 |
| Story(s) | 1 |
| Zoning | R-2 |
| Acreage | 4.98 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Block, Permanent, Crawlspace |
| Lot Features | Partially Cleared |
| Construction Materials | Fiber Cement |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Open |
Utilities
| Sewer | Septic Tank |
|---|
Taxes
| Tax Assessed Value | 673476 |
|---|---|
| Tax Legal Description | Condominium Common Area Parcel |
| Tax Year | 2024 |
Area Information
| State | NC |
|---|---|
| County | Chatham |
| City | Chapel Hill |
| Zip Code | 27516 |
| Area | Chatham |
| Community Name | Shadow Ridge |
| School District | Chatham - Seaforth High School |
| Elementary School | Chatham - Chatham Grove Elementa |
| High School | Chatham - Seaforth High School |
| Listing VS Median (in Shadow Ridge) | |
Price: $1,195,000 low | high Med: $697,442 sqft: 4,416 low | high Med: 2,798 $ / sqft: $271 low | high Med: $250 On site: 32 low | high Med: 28 | |
Market Activity 27516
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Learn More About This Property
| State | NC |
|---|---|
| County | Chatham |
| City | Chapel Hill |
| Zip Code | 27516 |
| Area | Chatham |
| Community Name | Shadow Ridge |
| School District | Chatham - Seaforth High School |
| Elementary School | Chatham - Chatham Grove Elementa |
| High School | Chatham - Seaforth High School |
| Listing VS Median (in Shadow Ridge) | |
Price: $1,195,000 low | high Med: $697,442 sqft: 4,416 low | high Med: 2,798 $ / sqft: $271 low | high Med: $250 On site: 32 low | high Med: 28 | |
