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594 Cedar Lake Rd
Chapel Hill, NC 27516
594/618/648 Cedar Lake Road · Multifamily Property For Sale
·
6 Units
Investment Highlights
- READY TO GO! *UPDATED 6-UNIT (3 Duplex) INVESTMENT on approx 5 ACRES in CHAPEL HILL w/ LOW CHATHAM COUNTY TAXES & NO HOA!
- ALL 6-UNITS identical w/ MAJOR UPDATES in 2018-2019 w/ NEW floors, kit, appliances, bthrms, fixtures, fiber cement exterior siding, electrical, & more
- ALL close to UNC/CH, Hospital, shops, food, grocery
- Over 4,400 total sq ft & $6,650 in current monthly rental income w/ increase potential
- HIGH GROWTH area between Chapel Hill & Pittsboro/Chatham Park!
Property Facts
| No. Units | 6 | Building Size | 4,536 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1981/2019 |
| Building Class | C | Parking Ratio | 2.65/1,000 SF |
| Lot Size | 4.98 AC | ||
| Zoning | R-2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 4.98 AC |
| Building Size | 4,536 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1981/2019 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,150 | 756 |
Property Taxes
| Parcel Number | 2606 | Improvements Assessment | $572,442 |
| Land Assessment | $101,034 | Total Assessment | $673,476 |
Property Taxes
Parcel Number
2606
Land Assessment
$101,034
Improvements Assessment
$572,442
Total Assessment
$673,476
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