594 Cedar Lake Rd. Road
Chapel Hill, NC 27516Turnkey 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 5 acres of land that has much more potential. All 6 units have Excellent Rental history, close to UNC/CH Hospital, shops and grocery stores. Each unit is 736 sq ft that offers a 2 bed / 1 bath with a fireplace, new floors, appliances, fiber cement exterior siding, decks and more! Total rent for all 6 units is $7,225 with a proven rent history. This property is being sold as a package deal with 4604 Lavista Ct. in Raleigh. (MLS# 10116688) Total number of units is 8 with a total income of $9,875.
$1,635,000
6 bedrooms
3 full bathrooms
4.98 acres
4,416 square feet
$370 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Fiber Cement
- Lot Size Acres 4.98
- Parking Features Gravel
- Structure Type Duplex
- Above Grade Finished Area 4,416
- Basement Crawl Space
- Cooling Heat Pump, Central Air
- Cooling Y/N Yes
- Flooring Vinyl
- Heating Fireplace(s), Heat Pump, Electric
- Heating Y/N Yes
- Tax Annual Amount 5744.75
- Water Source Shared Well, Well
- Year Built 1981
Additional Property Information
- TypeCondominium
- Built1981
- NeighborhoodShadow Ridge
- CountyChatham
- AreaChapel Hill
- Elementary SchoolChatham - Chatham Grove
- Middle SchoolChatham - Margaret B Pollard
- High SchoolChatham - Seaforth
Listing courtesy of 1st Choice Realty of Triangle. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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