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Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $172 per day and long-term for an average of $1,232 per month, based on similar listings in the area. Estimated short-term cap rate of 6.9%. Estimated long-term cap rate of 0.3%. Discover this beautifully updated, furnished 1-bedroom, 1-bath condo in the heart of Chapel Hill! Perfect for first-time homebuyers or as a turnkey investment property, this unit is located in a community with a proven rental history. The thoughtfully designed condo features a comfortable and efficient layout, complete with stylish multi-functional furniture. The spacious living room is ideal for relaxing or entertaining guests, while the updated kitchen boasts new cabinets, countertops, and a modern backsplash. Luxury vinyl plank (LVP) flooring flows seamlessly throughout, including into the upgraded bathroom. The community is centrally located and offers numerous amenities, including lush green spaces, mature trees, a private swimming pool, and a serene pond. This property is in a prime spot, situated just across the street from popular eateries like Bar Taco, Hawkers, and the exciting University Place redevelopment. It's also within walking distance to UNC, only two blocks from Franklin Street, and close to Chapel Hill Community Park. With rising property values in the area, this condo presents an excellent investment opportunity. The HOA dues cover water, sewer, and trash, ensuring a hassle-free ownership experience. Don't miss the chance to own this incredible property in an unbeatable location! Schedule your tour today!
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $315 |
Rental Policy | daily |
Yearly Taxes | $981 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 712 |
Furnished | N/A |
Year built | 1967 |
Listing Status | Active |
MLS | 10068791 |
