140 W Franklin St, Chapel Hill, NC 27516

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $160 per day and long-term for an average of $2,337 per month, based on similar listings in the area. Estimated short-term cap rate of -3.6%. Estimated long-term cap rate of -4.8%. Charming Urban Condo with a View! Step into this pristine, well-maintained two-bedroom, two-bathroom condo with stunning views of the 140 Plaza, complemented by corner views of West Franklin and Church Street. The galley-style kitchen features stainless steel appliances, kitchen sink island with bar/countertop seating, creating a functional space for cooking and entertaining. French doors with privacy curtains lead into the guest bedroom, giving the living area an open, airy feel, with abundant natural light throughout the day. Enjoy your outdoor balcony off the living area—perfect for grilling while watching the plaza activities. The property is situated in a 24-hour secured building with concierge services, an Owner's Club Room on the 8th floor and a Fitness Center; offering the ultimate in urban living. Located in the heart of downtown Chapel Hill, just steps from the UNC campus and fine dining options; this condo offers convenience and charm. The unit comes with an owner's secured parking space, conditioned storage locker (2C6) and recently installed blackout shades in each bedroom (electric-remote controlled in the Main bedroom, manual in Guest bedroom). Owner is open to selling any or all of the furniture, furnishing (with a few personal exclusions) along with all with window treatments. Please provide proof of funds with your offer.