594 Cedar Lake RD, Chapel Hill, NC 27516
594 Cedar Lake RD, Chapel Hill, NC 27516
594 Cedar Lake RD, Chapel Hill, NC 27516
Listed by Long & Foster Real Estate INC
$1,025,000
Est. payment /mo
$1,150,000
10.9%
Est.Price: ?

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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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Nearby Locations

Heidi Harris

Heidi Harris

Broker/Owner

+1(919) 946-3292

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