Investment Property at 112 Celeste Cir, Chapel Hill, NC 27517 - $-2,628 Profit
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Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $254 per day and long-term for an average of $2,811 per month, based on similar listings in the area. Estimated short-term cap rate of 0.9%. Estimated long-term cap rate of -0.5%. Charming Split-Level Home with Updated Lower Level in Prime Chapel Hill Location Welcome to 112 Celeste Circle, a beautifully maintained split-level home on a spacious 0.86-acre double lot in the heart of Chapel Hill. This 2,096 sq ft residence, built in 1965, features a remodeled lower level and fresh paint throughout, blending classic charm with modern updates. Key Features: Fresh & Bright Interior: Newly painted walls throughout create a crisp, inviting atmosphere. Remodeled Lower Level: A versatile space ideal for a family room, home office, or recreation area, updated for modern comfort. Spacious Living Areas: Hardwood floors enhance the warmth and charm of the main-level living and dining spaces. Outdoor Retreat: A wooded, private lot with ample space for gardening, entertaining, or relaxing. Prime Location: Conveniently located near UNC-Chapel Hill, Durham, RTP, shopping, and I-40, offering both tranquility and accessibility. Move-in ready and full of potential—whether you embrace its current charm or add your own updates, this home is a fantastic opportunity to create your dream space in a highly desirable Chapel Hill location!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3471
Bedrooms
3
Bathrooms
3
SQFT
1,813
Furnished
N/A
Year built
1965
Listing Status
Active
MLS
10083386

Short-term Rental Potential
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$40,932

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$284

Price/SQFT

Long-term Rental Potential
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$33,732

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,811/mo

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