Investment Property at 20 Bloomsbury Ct, Chapel Hill, NC 27517 - $-7,044 Profit
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Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $125 per day and long-term for an average of $2,045 per month, based on similar listings in the area. Estimated short-term cap rate of -1.1%. Estimated long-term cap rate of -1.9%. Don't miss this sunny End-Unit townhome located in popular Falconbridge. Step into this home and feel the immediate warmth of the recently refinished wood floors, plus the renovated kitchen including white wood cabinets w/under-cabinet accent lighting, a ceramic, quartz countertops complimented by a herringbone-patterned backsplash, chandelier light in the breakfast area* Enjoy your morning coffee in the breakfast area, while gazing at the private brick courtyard*The first floor boasts open dining and living rooms with sliding glass doors opening to the the oversized deck*The living room features vaulted ceilings and a cozy wood burning fireplace complete with an exterior storage closet ideal for bikes, gardening supplies, etc. A first-floor guest suite is super convenient, featuring a renovated bathroom with a walk-in shower. Plus, it offers privacy and natural light through the sliding glass doors to the front courtyard. Upstairs, you'll find the private owner's suite with two walk-in closets and easy access to spacious walk in attic for plenty of storage. The primary bathroom has a double closet, tub and walk-in shower. There's even a nook that's perfect for a desk or reading spot! Ideally situated between UNC and Duke, this location offers easy access to I-40, hospitals, dining Bangkok 54, Jersey Mike's and urgent care*The neighborhood lake is just a short walk away and the HOA provides numerous amenities, including a neighborhood pool, tennis and pickleball courts and a clubhouse. Recent updates include a new roof in 2024 and exterior painting of the townhome and deck in 2023. All appliances convey, along with a Weber grill on the deck and deck furniture, also TV mounted in the living room. Don't miss out on this incredible turn-key opportunity!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$403
Rental Policy
daily
Yearly Taxes
$2808
Bedrooms
2
Bathrooms
2
SQFT
1,581
Furnished
N/A
Year built
1986
Listing Status
Active
MLS
10085434

Short-term Rental Potential
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$27,540

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$237

Price/SQFT

Long-term Rental Potential
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$24,540

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,045/mo

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