709 N Columbia St Chapel Hill NC 27516 MLS 10056618
$525,000
709 N Columbia St
Chapel Hill,
NC
27516
MLS# 10056618
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Home Description: 709 N Columbia St
Do you want to live close to the UNC campus or own an investment property in a prime location? This captivating home, PLUS back studio/ADU, makes this renovated 1950s ranch the ultimate blend of charm and investment gold! The front house features 3 bedrooms, 1 bath with W/D, a sleek kitchen, and a huge living room with a wood-burning stove. It rented for $2,400/month, with a $100 discount to offset back studio utilities. The back studio, a perfect retreat with its own kitchenette, bath, and laundry, rented for $700/month with utilities included. With a total rental income of $3,000/month that hasn't increased in years. No matter what time of year, this seller has never had more than 2 months vacancy since purchasing in 2005. This property is a cash flow machine!
Recent upgrades elevate this home to modern standards: a sleek metal roof, new hot water heater, dishwasher, washer, and dryer, updated plumbing, a dual HVAC system, and a gas stove. The 3 skylights flood the space with natural light in the kitchen, bathroom, and the living room. The updated kitchen boasts a contemporary IKEA design and a butcher block island. Enjoy the cozy ambiance of the wood-burning stove in the living area and the refinished hardwood floors throughout the main house. The electrical system has been checked, and a vapor barrier has been installed for added efficiency. The back studio features its own split HVAC unit, ensuring year-round comfort.
The large front porch is perfect for sipping morning coffee or unwinding in the evening. The private fenced backyard offers a serene oasis, ideal for gardening, entertaining, or simply relaxing. Parking for 4 cars is available in the driveway.
This property is just a few blocks to UNC campus, Franklin St, and Downtown. It's also just one block from the free bus line. It's a location that offers the best of Chapel Hill living. Don't miss out on this rare opportunity to own a piece of prime real estate with incredible income potential. Whether you're seeking a stylish abode or a lucrative investment, this property ticks all the boxes.
Similar to: 709 N Columbia St
For Sale Near: 709 N Columbia St
School Information
- Elementary:CH/Carrboro - Northside
- Middle School:CH/Carrboro - Guy Phillips
- High School:CH/Carrboro - East Chapel Hill
Financial
Area Stats
These statistics are updated daily from the Triangle Multiple Listing Services, Inc. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(984) 777-0543 and speak with one of our real estate consultants.
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Listing Courtesy of Compass -- Chapel Hill - Durham.
For information or to schedule a viewing of this property (MLS# 10056618) located at 709 N Columbia St Chapel Hill NC 27516, call: 984-777-0543
709 N Columbia St, Chapel Hill NC is a single family home of 1375 sqft and
is currently priced at $525,000
.
This single family home has 3 bedrooms.
A comparable home for sale at 4019 Oak Hill Rd in Chapel Hill is listed at $445,000.
This home on 709 N Columbia St has not had a price change.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Chapel Hill, NC.
Ironwoods, Woodhaven and Tennis Club Estates are nearby neighborhoods.
MLS 10056618 has been posted on this site since 10/4/2024 (today).