5 Howell Street
Chapel Hill, NC 27514
7371 sqft | 1.47 acres | #10098426
Description
Rare investor find! Explore an exceptional investment opportunity at 5 Howell Street, Chapel Hill! Situated conveniently close to UNC-Chapel Hill campus and hospital, this property boasts 9 units on a generous 1.47-acre lot. With a current monthly rent of $11,670 (leased through summer 2025) and potential for increases, it's a reliable income stream. Recent updates include a new roof installed in 2018, ensuring peace of mind for years to come. Includes off street parking. Get in on the dynamic development currently underway in the area. Whether you choose to maintain the steady rentals or redevelop (currently zoned R4 = potential for approx 5 more units) for higher returns, the possibilities are endless. Don't miss out on this prime location and its promising future!
Property Details
- Utility FeaturesCable Connected, Electricity Connected, Sewer Connected, Water Connected
- CoolingCeiling Fan(s), Central Air, Varies by Unit, Wall/Window Unit(s)
- Exterior FeaturesBuilt-in Barbecue, Private Entrance
- Exterior MaterialsBuilt-in Barbecue, Private Entrance
- HeatingBaseboard, Central, Varies by Unit
- Lot FeaturesBack Yard, Open Lot, Paved
- Lot DescriptionBack Yard, Open Lot, Paved
- InteriorApartment/Suite
- Sewer InformationPublic Sewer
- Property SubtypeMulti Family
- Basement DescriptionApartment
- Property TypePurchase
- RoofAluminum
- MLS #10098426
- MLS #10098426
- Taxes Annual$20,707
- Cost1950000
- Utility SourcePublic
- CountyOrange
- Acres1.47
- Square Feet7371
- Year Built1962
- Stories1
- Basement1
Location
Legal
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Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: Ken Cannon (#98335)
Listing Office: Compass -- Chapel Hill - Durham (#80813)
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