Investment Condo at 601 W Rosemary St, Chapel Hill, NC 27516 - $-39,372 Profit
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601 W Rosemary St, Chapel Hill, NC 27516

Unit - #418

$755,000

Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $167 per day and long-term for an average of $2,249 per month, based on similar listings in the area. Estimated short-term cap rate of -4.3%. Estimated long-term cap rate of -5.2%. Seize the opportunity to own a luxurious condo situated at the vibrant crossroads of Chapel Hill and Carrboro. This elegant residence offers the perfect blend of urban convenience and serene green living, located just steps away from both bustling downtowns. One of the standout features of this condo is its 280 square foot exclusive private balcony, providing breathtaking views —a rare privilege enjoyed by only 1/3 of Greenbridge residences. Inside, discover two beautifully appointed bedrooms and bathrooms, each thoughtfully enhanced with ample storage space seamlessly integrated into the modern design, offering both sophistication and practicality. The stylish kitchen is elegant yet functional, perfect for hosting gatherings and creating memorable meals. The convenience of nearby amenities means you can leave the car safely parked to pick up groceries, grab a coffee, or dine at your favorite local restaurant. Brandwein's Bagels is across the street. Head to Franklin Motors for Happy Hour on a sunny day. Lantern, Acme, Cham Thai, Venable, Glasshalfull, Napoli Pizza are just of few of the popular restaurants nearby. This condo represents a unique lifestyle opportunity, combining functionality with elegance in a prime location. Sellers added custom,integrated entryway closets and pantry closets off the kitchen along with pull out shelves in kitchen cabinets. BOSCH appliances. Building amenities:assigned parking space, fitness center, 24 hour security, mailroom, secure elevator access, theater, Skylounge, rooftop deck,courtyard, concierge service. Don't miss out on making this exceptional property your own.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$886
Rental Policy
daily
Yearly Taxes
$7517
Bedrooms
2
Bathrooms
2
SQFT
1,159
Furnished
N/A
Year built
2009
Listing Status
Active
MLS
10086986

Short-term Rental Potential
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$34,236

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$651

Price/SQFT

Long-term Rental Potential
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$26,988

Revenue
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Cap rate
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Cash on Cash
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$2,249/mo

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