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!
Sold for $1,025,000
$1,025,000
594 Cedar Lake Rd #A & B, Chapel Hill, NC 27516
--beds
--baths
--sqft
Single Family Residence, Multi Family
Built in 1981
-- sqft lot
$888,300 Zestimate®
$--/sqft
$1,540 Estimated rent
Home value
$888,300
$711,000 - $1.15M
$1,540/mo
Zestimate® history
Owner options
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$1,540/mo
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$1,540/mo
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$6,029/mo
Est. payment
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$6,029/mo
Est. payment
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List your homeWhat's special
Fiber cement exterior sidingWooded viewsHigh growth areaRear decksNew floors
Zillow last checked:
Listing updated:
Listed by:
Chad Lloyd 919-606-8511,
Long & Foster Real Estate INC
Bought with:
Patrick Averette, 278256
Premier Advantage Realty Inc
Source: Doorify MLS,MLS#: 2461223
Facts & features
Interior
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Features
- Flooring: Vinyl
- Basement: Crawl Space
- Has fireplace: Yes
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Accessibility
- Accessibility features: Accessible Washer/Dryer, Level Flooring
Features
- Has view: Yes
Lot
- Features: Hardwood Trees, Partially Cleared
Details
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence, Multi Family
Materials
- Fiber Cement
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Chapel Hill
- Subdivision: Cedar Lake
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2023 | Sold | $1,025,000-10.9% |
Source:  Doorify MLS #2461223 Report a problem | ||
| 7/12/2023 | Pending sale | $1,150,000 |
Source:  Long & Foster Broker Feed #2461223 Report a problem | ||
| 7/11/2023 | Contingent | $1,150,000 |
Source: Doorify MLS #2461223 Report a problem | ||
| 10/26/2022 | Price change | $1,150,000-3.8% |
Source: Doorify MLS #2461223 Report a problem | ||
| 7/9/2022 | Listed for sale | $1,195,000 |
Source: Doorify MLS #2461223 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 27516
Nearby schools
GreatSchools rating
- 5/10Chatham Grove ElementaryGrades: PK-5Distance: 3 mi
- 6/10Margaret B. Pollard Middle SchoolGrades: 6-8Distance: 2.7 mi
- 6/10Seaforth HighGrades: 9-12Distance: 8.5 mi
Schools provided by the listing agent
- Elementary: Chatham - Chatham Grove
- Middle: Chatham - Margaret B Pollard
- High: Chatham - Seaforth
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$888,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$888,300
- North Carolina
- Chatham County
- Chapel Hill
- 27516
- 594 Cedar Lake Rd Unit A & B
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