704 Emory Dr, Chapel Hill, NC 27517

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $185 per day and long-term for an average of $2,975 per month, based on similar listings in the area. Estimated short-term cap rate of 2.1%. Estimated long-term cap rate of -0.6%. Here is your opportunity to own a mid-century home in the welcoming neighborhood of Briarcliff in Chapel Hill. Sitting high above the street on a wooded gently sloping lot, this charming split-level home has been lovingly cared for by the same owners for the past 53 years! Numerous updates including newly refinished original hardwood floors, HVAC & ductwork in 2017, and new architectural shingles in 2023 with transferable warranty. Style and quality are maintained throughout with solid cherry kitchen cabinets, classic tile in hall & primary baths, and built-in floor to ceiling bookshelves in the den complete with wood burning fireplace. Main floor living area provides ample space to entertain with natural light cascading over hardwood floors that extend up the stairs, down the hall, and throughout all three bedrooms. The lower level private office with large closet can easily function as a guest room, craft room, or flex space. Enjoy the outdoors with a huge rear deck and numerous flowering trees/bushes. Less than 1/2 mile to Ephesus Park. Less than 2 miles to Wegmans, Trader Joes, and Whole Foods. Less than 4 miles to UNC campus. Kitchen refrigerator and gas dryer will convey.