Bought with DASH Carolina
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118 Cedar Terrace Chapel Hill, NC 27516
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Key Details
Sold Price $335,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Cedar Terrace
MLS Listing ID 2523859
Sold Date 08/24/23
Year Built 1979
Annual Tax Amount $1,914
Property Sub-Type Duplex
Source Triangle MLS
Property Description
This duplex is convenient to multiple retail centers, U.N.C. Chapel Hill Medical Center, and U.N.C. Chapel Hill. Both units feature identical, one-story, two-bedroom and one-bathroom floor plans with fireplaces and large rear patios. The property has been well-maintained, but offers the opportunity to increase revenue through strategic improvements. The property is on a community water system and has a private septic system. All utilities are paid by tenants. Unit A rent =$1,000/mo & expires 7/31/24. Unit B rent =$985/mo & expires 7/31/24. SEE AGENT REMARKS FOR SHOWINGS.
Location
State NC
County Chatham
Direction Take 15-501 south from Chapel Hill, turn right onto Mann's Chapel Road then right onto Cedar Terrace. Property is on the right.
Rooms
Basement Crawl Space
Interior
Heating Electric, Forced Air
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace Yes
Exterior
View Y/N Yes
Garage No
Private Pool No
Building
Faces Take 15-501 south from Chapel Hill, turn right onto Mann's Chapel Road then right onto Cedar Terrace. Property is on the right.
Sewer Septic Tank
Water Public
Structure Type Engineered Wood
New Construction No
Schools
Elementary Schools Chatham - Chatham Grove
Middle Schools Chatham - Margaret B Pollard
High Schools Chatham - Seaforth
Others
Senior Community No
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