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Sold for $1,025,000 on 08/15/23
  • $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
    $1,542,600 Zestimate®
    $--/sqft
    $1,695 Estimated rent

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    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: February 17, 2025 at 02:52pm

    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#: 2461223MLS Logo

    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
    • 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
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    Estimated market value
    $1,542,600