QUAD NEAR U.NC. CHAPEL HILL

Price:

$575,000

Status:

Under Contract

Address:

639 N Columbia St, Chapel Hill, NC 27516, USA

Overview:

This quadraplex is uniquely located within walking distance of U.N.C. Chapel Hill and Franklin St. in Chapel Hill, N.C. This allows residents convenient access to campus and Chapel Hill’s most socially active location, offering numerous restaurants, bars, retail centers and other activities.

Built in 1942, the property appears to have originally been a single-family house that was later converted into four studio units, each with a unique floor plan. The property is professionally managed and has been well maintained considering the age of the property. The roof was replaced in 2020. All utilities are paid by the owner and equates to approximately $350 per month. All four units are fully leased for the 2022-2023 academic year.

Unit Information

UnitTypeSizeLeaseRent
ASTUDIO355 SF APPRX.6/30/23$875
BSTUDIO340 SF APPRX.7/31/23$900
CSTUDIO375 SF APPRX.7/25/23$950
DSTUDIO390 SF APPRX.6/30/23$875
TOTALS 1,460 SF APPRX. $3,600

Property Information

PIN 9788292510 Tax Value $390,000
Taxes $6,300.14 Lot Size 0.20 ACRES
Year Built 1942 Exterior WOOD
Floors TILE, VINYL, LVP Foundation CRAWL SPACE
HVAC WALL UNITS & BASEBOARD HEAT Owner Financing NONE
Utilities OWNER PAYS ALL UTILITIES APPRX. $350/MO Appliances RANGE, REFRIGERATOR
Legal Description S/W INT LONGVIEW & N COLUMBIA P94/20 Zoning CH