Off-Market Condo at 604 Copperline Dr, Chapel Hill, NC 27516
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Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $168 per day and long-term for an average of $1,976 per month, based on similar listings in the area. Estimated short-term cap rate of 2.1%. Estimated long-term cap rate of -3.6%. This charming condo nestled in the heart of Southern Village will have you counting your lucky stars. The kitchen shines with fresh white cabinetry, granite countertops, and stainless appliances. An open family and dining room create one superstar lounging haven. All-star details include hardwood floors throughout the living areas and bedrooms, brilliant lighting, built-in cabinetry, and sparkling tile baths. The slate-surround fireplace is your personal luminary. Soak-up the village vibe on your front porch, which also provides a direct entry to your new home. Secured lobby, elevator, dedicated storage, and under-building parking. Stellar shops, dining and services await on Market Street. Tree-canopied streetscapes star sidewalks, parks, swim, tennis, and fields. Scroggs Elementary is around the corner. Your stars align on Copperline! After multiple offers and being under contract, this condo is back on the market due to personal Buyer circumstances; it had nothing to do with the condo. The universe is giving you another chance, don't miss the call!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$345
Rental Policy
daily
Yearly Taxes
$4928
Bedrooms
3
Bathrooms
2
SQFT
1,315
Furnished
N/A
Year built
1998
Listing Status
Off Market
MLS
10079514

Short-term Rental Potential
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$53,052

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$395

Price/SQFT

Long-term Rental Potential
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$23,712

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,976/mo

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