594 Cedar Lake Rd | Image 1
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594 Cedar Lake Rd | Image 7

$1,575,000

For Sale

7 months ago

MLS® 10116697

6 Bed

3 Bath

4416 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential Income
Size 4416 sqft
Garage No
HOA Fees 
Taxes $5,745
Days Active 207
Approx. Age 1981
Avg. Price Per Sqft $356
MLS® Number 10116697

Property Address: b-594 Cedar Lake Rd, Chapel Hill, NC, 27516-9551

Average square foot calculated using Size range provided by listing agent.

Description

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 5 acres of land that has much more potential. All 6 units have Excellent Rental history, close to UNC/CH Hospital, shops and grocery stores. Each unit is 736 sq ft that offers a 2 bed / 1 bath with a fireplace, new floors, appliances, fiber cement exterior siding, decks and more! Total rent for all 6 units is $7, 225 with a proven rent history. This property is being sold as a package deal with 4604 Lavista Ct. In Raleigh. (MLS# 10116688) Total number of units is 8 with a total income of $9, 875.
MLS® Number10116697
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1981
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 19, 2025List Date
$1,575,000List Price
  • Commute

Commute

Starting Address
Destination Address
594 Cedar Lake Rd, Chapel Hill, NC

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