Investment Condo at 130 S Estes Dr, Chapel Hill, NC 27514 - $8,700 Profit
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130 S Estes Dr, Chapel Hill, NC 27514

Unit - #G3

$169,900

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Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514
Image of property at 130 S Estes Dr, Chapel Hill, NC 27514

Description

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 $1,231 per month, based on similar listings in the area. Estimated short-term cap rate of 5.1%. Estimated long-term cap rate of -0.7%. Located in the heart of Chapel Hill, this fully renovated 1 bed, 1 bath, condo is perfect for investors (proven midterm rental at $2,000+ per month, perfect for traveling nurses with hospital nearby), students, and first-time buyers. Minutes from UNC, Franklin St., and the multimillion-dollar University Place redevelopment. This beautifully updated condo boasts LVP flooring, fresh paint, smooth ceilings, and modern LED lighting. The kitchen features sleek white cabinets, leathered granite countertops, and subway tile backsplash and comes well-equipped with Whirlpool stainless steel appliances. The bath offers a glass-enclosed tiled shower, granite vanity, and designer fixtures right next to a laundry nook with a ventless washer-dryer combo—a rare upgrade for added convenience. HOA includes water, sewer, and trash, while the community features open green spaces, private pool, and pond. Fully furnished with décor, kitchenware, and housewares, this unit is move-in ready! Don't miss out—schedule a showing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
 $330
Rental Policy
 daily
Yearly Taxes
 $1129
Bedrooms
 1
Bathrooms
 1
SQFT
 655
Furnished
 N/A
Year built
 1967
Listing Status
 Active
MLS
 10075297
Short-term Rental Potential
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$24,636

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$259

Price/SQFT
Long-term Rental Potential
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$14,772

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,231/mo

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