Investment Property at 109 Stephens St, Chapel Hill, NC 27516 - $17,748 Profit
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109 Stephens St, Chapel Hill, NC 27516

$435,000

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Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516
Image of property at 109 Stephens St, Chapel Hill, NC 27516

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $149 per day and long-term for an average of $1,689 per month, based on similar listings in the area. Estimated short-term cap rate of 4.1%. Estimated long-term cap rate of -3.0%. One of probably only two Lustron Homes still remaining in Chapel Hill. Great downtown location adjacent to the Town Hall. Two bedrooms, one full bath. Family and dining room with large windows. Kitchen features a gas stove and utility/pantry storage area. Primary bedroom has a closet plus a wall of built-in cabinets and drawers. Gas heat. Central air conditioning. Large brick patio in back and a covered front porch with terrazzo tile floor. Naturally landscaped lot with a huge magnolia tree, rhododendrons, native stone walls, and brick walkways. Private parking in the back, plus on-street parking available by permit. Convenient location is walking distance to UNC, downtown Chapel Hill and Carrboro.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
 $0
Rental Policy
 daily
Yearly Taxes
 $5390
Bedrooms
 2
Bathrooms
 1
SQFT
 1,031
Furnished
 N/A
Year built
 1949
Listing Status
 Active
MLS
 10087162
Short-term Rental Potential
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$50,916

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$421

Price/SQFT
Long-term Rental Potential
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$20,268

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,689/mo

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