Off-Market Property at 107 Creel St, Chapel Hill, NC 27516
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107 Creel St, Chapel Hill, NC 27516

$390,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $237 per day and long-term for an average of $2,100 per month, based on similar listings in the area. Estimated short-term cap rate of 8.8%. Estimated long-term cap rate of -0.9%. **PRICE IMPROVEMENT!!** A RARE find with lots of potential! This investment property is minutes from UNC's campus and waiting to be added to your portfolio. The home has already been sectioned off into two apartments: Apt A & B and features 2 beds/1 bath per apartment. Come add your special touches and get ready to make some great money. The property is being sold AS IS.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3758
Bedrooms
4
Bathrooms
2
SQFT
1,650
Furnished
N/A
Year built
1957
Listing Status
Off Market
MLS
10075651

Short-term Rental Potential
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$62,856

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$236

Price/SQFT

Long-term Rental Potential
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$25,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,100/mo

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