2 Banbury Ln, 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 $183 per day and long-term for an average of $2,396 per month, based on similar listings in the area. Estimated short-term cap rate of 7.5%. Estimated long-term cap rate of 0.6%. Mid-century MOD! Unique opportunity to purchase a 2 bedroom condo on exclusive Banbury Lane. Real hardwood floors on main level, freshly painted, new carpet upstairs, new luxury vinyl plank in bathrooms and kitchen. Updated LED lighting throughout and brushed nickel door hardware add a modern touch. The spacious living room has a bay window overlooking park-like grounds. Natural light floods through oversized windows, upstairs and downstairs, creating a warm and inviting atmosphere all year round. The separate dining room opens to a private patio for grilling & relaxing. The efficient cook's kitchen was thoughtfully designed with plenty of storage space and has brand new stainless steel appliances, including a new French door refrigerator. Two generous sized bedrooms, both with tons of closet space and new ceiling fans with remote controls. The private patio has an awning and garden beds. Beautiful established landscaping and mature trees provide a shaded retreat. This hidden gem of a neighborhood is secluded, yet close to everything and homes rarely come on the market. #2 has just had 2 owners in 50 years! Just a few minute drive or short walk to the vibrant Blue Hill District and University Place, including 4 grocery stores, movie theater, bakeries, restaurants and shopping. On free busline. Basement storage locker for bikes and other storage needs. Chapel Hill Carrboro School District. Nothing to do but move-in and unpack!