For Sale Condo MLS# 10195912

594 Cedar Lake Road

Chapel Hill, NC 27516

$1,195,000

  • 6Beds
  • 3Baths
  • 4,416Sq Ft
  • 4.98Acres
  • 1981Built
  • $271Per Sq Ft
  • 45Days Listed
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About 594 Cedar Lake Road

Turnkey Multi Unit Investment opportunity available! Updated 6 - unit Condominium units on approx. 5 acres in the beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6 -unit condominium package on almost 5 acres of land that has much more potential. All 6 units have an excellent and proven rental history that is just minutes to UNC/CH hospital, shops and grocery stores. Each unit is 736 sq ft and offers a 2 bed / 1 bath, fireplace, new floors, appliances, fiber cement siding, decks and more! One unit is available for showings while being updated. Units are managed by Evans Property Management

Property details

Property

Type
Condominium
MLS type
Condo
Status
Active
Year built
1981
Stories
One
Living area
4,416 sqft
Price / sqft
$271
Lot
4.98
Full baths
3
Original price
$1,195,000
MLS #
10195912

Interior

Flooring
Luxury Vinyl
Heating
Heat Pump
Cooling
Central Air

Exterior & lot

Features
Open
Construction
Fiber Cement
Roof
Shingle
Foundation
Block, Permanent, Crawlspace
Lot
R-2
Parking
Open

Schools

District
Chatham County Schools
Elementary
Chatham - Chatham Grove Elementary
Middle
Chatham - Margaret B Pollard Middle School
High
Chatham - Seaforth High School

Utilities

Utilities
Septic Tank, Shared Well, Well
Water
Shared Well, Well
Sewer
Septic Tank

Financial

Financial
Doorify MLS
Annual tax
$5,745
Tax year
2024
Parcel
0002606
Legal
Condominium Common Area Parcel
Special conditions
Standard

Location

Subdivision
Shadow Ridge
County
Chatham
Community
Private Road

Ask about this property

Questions on 594 Cedar Lake Road, Chapel Hill, NC 27516, or want to see it in person?

Listed by Todd Averette, 1st Choice Realty of Triangle

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.