5 Howell Street
Chapel Hill, NC 27514Rare investor find! Explore an exceptional investment opportunity at 5 Howell Street, Chapel Hill! Situated conveniently close to UNC-Chapel Hill campus and hospital, this property boasts 9 units on a generous 1.47-acre lot. With a current monthly rent of $11,670 (leased through summer 2025) and potential for increases, it's a reliable income stream. Recent updates include a new roof installed in 2018, ensuring peace of mind for years to come. Includes off street parking. Get in on the dynamic development currently underway in the area. Whether you choose to maintain the steady rentals or redevelop (currently zoned R4 = potential for approx 5 more units) for higher returns, the possibilities are endless. Don't miss out on this prime location and its promising future!
$1,695,000
bedrooms
full bathrooms
1.47 acres
7,371 square feet
$230 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Brick
- Exterior Features Built-in Barbecue, Private Entrance
- Lot Size Acres 1.47
- Structure Type Triplex
- Appliances Washer/Dryer Stacked, Refrigerator, Dishwasher, Range
- Basement Apartment
- Cooling Central Air, Varies by Unit, Ceiling Fan(s), Wall/Window Unit(s)
- Cooling Y/N Yes
- Flooring Vinyl, Ceramic Tile, Laminate, Combination
- Heating Baseboard, Varies by Unit, Central
- Heating Y/N Yes
- Interior Features Apartment/Suite
- Laundry Features In Unit
- Lot Features Back Yard, Paved, Open Lot
- Tax Annual Amount 20707.53
- Water Source Public
- Year Built 1962
Additional Property Information
- TypeMulti Family
- Built1962
- Neighborhood
- CountyOrange
- AreaChapel Hill
- Elementary School
- Middle School
- High School
Listing courtesy of Compass -- Chapel Hill - Durham. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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