594 Cedar Lake Road, Unit A B

Chapel Hill, NC 27516

$1,025,000
Last Sold Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Ready to go! UPDATED 6-UNIT (3 Duplexes) INVESTMENT on approx 5 ACRES in CHAPEL HILL w/ LOW CHATHAM COUNTY TAXES & NO HOA! Over 4,400 total sq ft & $6,650 in current monthly rental income w/ increase potential Excellent rental history ALL 6-units identical w/ major UPDATES in 2018-2019 w/ NEW floors, kitchen, appliances, bathrooms, fixtures, fiber cement exterior siding, electrical, decks/porches & more Each individual unit (6 total) is 736 sq ft - 2 BR / 1 Bath w/ Kitchen, Living Room w/ Fireplace,...Ready to go! UPDATED 6-UNIT (3 Duplexes) INVESTMENT on approx 5 ACRES in CHAPEL HILL w/ LOW CHATHAM COUNTY TAXES & NO HOA! Over 4,400 total sq ft & $6,650 in current monthly rental income w/ increase potential Excellent rental history ALL 6-units identical w/ major UPDATES in 2018-2019 w/ NEW floors, kitchen, appliances, bathrooms, fixtures, fiber cement exterior siding, electrical, decks/porches & more Each individual unit (6 total) is 736 sq ft - 2 BR / 1 Bath w/ Kitchen, Living Room w/ Fireplace, Rear Decks & Wooded Views ALL close to UNC/CH, Hospital, shops, food, grocery in a HIGH GROWTH area between Chapel Hill & Pittsboro/Chatham Park! ALL 6-Units are rented (4 units for $1,100 and 2 for $1,150) with excellent rental history!
  1. Listed by Chad Lloyd • Fonville Morisey Realty

Property Details for 594 Cedar Lake Road, Unit A B

Subdivision
Cedar Lake

Location

Listing Courtesy of Fonville Morisey Realty

Sold By Coldwell Banker Advantage

Add your commute
LISTING UPDATED: 12/15/2023 06:01 PM

Property Details for 594 Cedar Lake Road, Unit A B

StatusClosed
MLS #2461223
Days on Market402
Taxes$5,206 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Single Family Residence
Year Built1981
Lot Size-
CountyChatham County

Location

Listing Courtesy of Fonville Morisey Realty

Sold By Coldwell Banker Advantage

Add your commute

Building Information for 594 Cedar Lake Road, Unit A B

Stories-Residences6Year Built1981Building Size-Lot Size-

Payment Calculator

$6,028 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,594

Property Taxes

$434

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 594 Cedar Lake Road, Unit A B

Summary
Location and General Information
  • Zoning: R-2
  • Directions: From Chapel Hill, take 15-501 S, turn right onto Manns Chapel Road (at McDonalds/CVS), turn right onto Cedar Lake Road & go all the way to the end and turn right into property...618-A is the middle duplex and unit is on the left.
  • Subdivision Name: Cedar Lake
  • Latitude: 35.853199
  • Longitude: -79.093494
Taxes and HOA Information
  • Tax Annual Amount: $5,206.00
  • City Limits YN: No
  • FIPS Code: 37037
  • Lot Number: F
Contract Information
  • Lease Expiration Date: 2023-06-30
  • Original Listing ID: 2461223
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2023-07-26
School Information
  • Elementary School: Chatham - Chatham Grove
  • Middle Or Junior School: Chatham - Margaret B Pollard
  • High School: Chatham - Seaforth
Parking
  • Parking Features: Off Street
  • Carport: No
  • Attached Garage: No
  • Garage: No
Virtual Tour
Property
Lot Information
  • Building Area Total: 0.0
  • Lot Features: Hardwood Trees, Partially Cleared
  • Total Other Area Sq Ft: 0
  • Sold PriceList Price: 0.89
Property and Assessments
  • New Construction: No
  • Photos Count: 26
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Septic Tank
  • Water Source: Well
  • Water_Sewer: Well, Septic Tank
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessible Washer/Dryer, Level Flooring
  • Construction Materials: Fiber Cement
  • Pool Private: No
  • New Construction Type: Fiber Cement
Interior Features
  • Basement Description: Crawl Space
  • Fireplace Y N: Yes
  • Flooring: Vinyl
  • Cooling: Central Air, Heat Pump
  • Cooling?: Yes
  • Heating: Electric, Forced Air, Heat Pump
  • Heating?: Yes
  • Interior: Off Street, Fiber Cement
  • Equipment: Off Street
Multi Family
Unit Information
  • Total Units: 6
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Units Information
Unit One
  • Unit One: Above Grade Finished Area: 1472.0
  • Unit One: Baths Total: 1.0
  • Unit One: Beds Total: 2.0
  • Unit One: Deck: true
  • Unit One: Fireplace: true
  • Unit One: Kitchen: true
  • Unit One: Living Area: 1472.0
  • Unit One: Living Room: true
  • Unit One: Porch: true
  • Unit One: Range: true
  • Unit One: Refrigerator: true
  • Unit One: Unit Type Total Rent: 2250.0
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Above Grade Finished Area: 1472.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 2.0
  • Unit Two: Deck: true
  • Unit Two: Fireplace: true
  • Unit Two: Kitchen: true
  • Unit Two: Living Area: 1472.0
  • Unit Two: Living Room: true
  • Unit Two: Porch: true
  • Unit Two: Range: true
  • Unit Two: Refrigerator: true
  • Unit Two: Total Other Area: 1472.0
  • Unit Two: Unit Type Total Rent: 2250.0
  • Unit Two: WasherDryer Hookups: true
Unit Three
  • Unit Three: Above Grade Finished Area: 1472.0
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Deck: true
  • Unit Three: Fireplace: true
  • Unit Three: Kitchen: true
  • Unit Three: Living Area: 1472.0
  • Unit Three: Living Room: true
  • Unit Three: Porch: true
  • Unit Three: Range: true
  • Unit Three: Refrigerator: true
  • Unit Three: Total Other Area: 1472.0
  • Unit Three: Unit Type Total Rent: 2200.0
  • Unit Three: WasherDryer Hookups: true
Unit Four
  • Unit Four: Baths Total: 1.0
  • Unit Four: Beds Total: 2.0
  • Unit Four: Deck: true
  • Unit Four: Fireplace: true
  • Unit Four: Kitchen: true
  • Unit Four: Living Room: true
  • Unit Four: Porch: true
  • Unit Four: Range: true
  • Unit Four: Refrigerator: true
  • Unit Four: WasherDryer Hookups: true

Property History for 594 Cedar Lake Road, Unit A B

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 594 Cedar Lake Road, Unit A B

This home is within Chatham County School District.
Rating
School
Type
Grades
Distance
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Margaret B. Pollard Middle School
Public6 to 8

Seaforth High School
Public9 to 12

Sage Academy
Public9 to 12

Chatham School Of Science & Engineering
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fonville Morisey Realty

Listings marked with an icon are provided in part courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listings are also provided in part by the IDX program of Longleaf Pine REALTORS and Alamance MLS. Copyright 2024 Triangle MLS, Inc. of North Carolina. Copyright 2024 Longleaf Pine REALTORS. Copyright 2024 Alamance MLS. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s). Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA competitive or home valuation of any property.