Bought with Berkshire Hathaway HomeService
$550,000
$525,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,375 SqFt
SOLD DATE : 10/18/2024
Key Details
Sold Price $550,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,375 sqft
Price per Sqft $400
Subdivision Not In A Subdivision
MLS Listing ID 10056618
Sold Date 10/18/24
Style Site Built
Bedrooms 3
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,375
Originating Board Triangle MLS
Year Built 1957
Annual Tax Amount $5,645
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Do you want to live close to the UNC campus or own an investment property in a prime location? This captivating home, PLUS back studio/ADU, makes this renovated 1950s ranch the ultimate blend of charm and investment gold! The front house features 3 bedrooms, 1 bath with W/D, a sleek kitchen, and a huge living room with a wood-burning stove. It rented for $2,400/month, with a $100 discount to offset back studio utilities. The back studio, a perfect retreat with its own kitchenette, bath, and laundry, rented for $700/month with utilities included. With a total rental income of $3,000/month that hasn't increased in years. No matter what time of year, this seller has never had more than 2 months vacancy since purchasing in 2005. This property is a cash flow machine!
Recent upgrades elevate this home to modern standards: a sleek metal roof, new hot water heater, dishwasher, washer, and dryer, updated plumbing, a dual HVAC system, and a gas stove. The 3 skylights flood the space with natural light in the kitchen, bathroom, and the living room. The updated kitchen boasts a contemporary IKEA design and a butcher block island. Enjoy the cozy ambiance of the wood-burning stove in the living area and the refinished hardwood floors throughout the main house. The electrical system has been checked, and a vapor barrier has been installed for added efficiency. The back studio features its own split HVAC unit, ensuring year-round comfort.
The large front porch is perfect for sipping morning coffee or unwinding in the evening. The private fenced backyard offers a serene oasis, ideal for gardening, entertaining, or simply relaxing. Parking for 4 cars is available in the driveway.
This property is just a few blocks to UNC campus, Franklin St, and Downtown. It's also just one block from the free bus line. It's a location that offers the best of Chapel Hill living. Don't miss out on this rare opportunity to own a piece of prime real estate with incredible income potential. Whether you're seeking a stylish abode or a lucrative investment, this property ticks all the boxes. **Offers received, deadline Monday, 10/7 at noon.**
Location
State NC
County Orange
Direction From Top of the Hill Restaurant & Brewery - Chapel Hill: Head northwest on S Columbia St toward W Franklin St. Turn left onto N Columbia St. Destination will be on the left, blue house with red door. 3 min car ride or 8 min bus ride.
Rooms
Other Rooms Shed(s)
Interior
Interior Features Eat-in Kitchen, Kitchen Island
Heating Forced Air
Cooling Ceiling Fan(s), Central Air, Ductless, Multi Units
Flooring Tile, Wood
Fireplaces Number 1
Fireplaces Type Living Room, Wood Burning Stove, See Remarks
Fireplace Yes
Window Features Storm Window(s),Wood Frames
Appliance Dishwasher, Electric Range, Exhaust Fan, Free-Standing Electric Range, Free-Standing Gas Oven, Free-Standing Refrigerator, Freezer, Gas Range, Refrigerator, Vented Exhaust Fan, Washer/Dryer Stacked
Laundry In Bathroom, Inside, Multiple Locations
Exterior
Exterior Feature Fenced Yard, Garden, Private Yard, Rain Gutters
Fence Back Yard, Perimeter, Wood
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront No
View Y/N Yes
Roof Type Metal
Street Surface Paved
Garage No
Private Pool No
Building
Lot Description Back Yard, City Lot, Garden, Hardwood Trees
Faces From Top of the Hill Restaurant & Brewery - Chapel Hill: Head northwest on S Columbia St toward W Franklin St. Turn left onto N Columbia St. Destination will be on the left, blue house with red door. 3 min car ride or 8 min bus ride.
Story 1
Foundation Block, Combination, Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories 1
Structure Type Fiber Cement,Masonite,Wood Siding
New Construction No
Schools
Elementary Schools Ch/Carrboro - Northside
Middle Schools Ch/Carrboro - Guy Phillips
High Schools Ch/Carrboro - East Chapel Hill
Others
Senior Community false
Tax ID 9789203021
Special Listing Condition Standard
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