Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $172 per day and long-term for an average of $1,227 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 | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $330 |
Rental Policy | daily |
Yearly Taxes | $1129 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 655 |
Furnished | N/A |
Year built | 1967 |
Listing Status | Off Market |
MLS | 10075297 |
