$525,000
- Beds
- 3
- Baths
- 2.0
- sq ft
- 1,375
709 N Columbia St, Chapel Hill, NC 27516
709 N Columbia St
Chapel Hill, NC 27516
- <1 day on market
- Open house Oct 05
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.
Details
Property type
Single Family Residence
Lot size
6,969.6 sq ft
Price per sq ft
$382
Year built
1957
Annual property taxes
$5,645.98
Price History
10/04/2024
TriangleMLS #10056618
Listed
$525,000
Schools & Community
Elementary school:
CH/Carrboro - Northside
Middle school:
CH/Carrboro - Guy Phillips
High school:
CH/Carrboro - East Chapel Hill
Status: Active
Tomo last checked: 10/05/2024 at 2:25 AM
Listing updated: 10/04/2024 at 6:36 PM
Listed by: Samantha Greaves, Compass -- Chapel Hill - Durham Phone #: (919) 999-8482
MLS: TriangleMLS #10056618
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