55 Cedar Terrace Rd, Chapel Hill, NC 27516

Rare Chapel Hill Duplex FSBO on 1Acre 55 Cedar Terrace Rd, Chapel hill NC 27516 1826 sqft 2 units.~ 910sqft each. 2BR/1 Ba. Each unit with 2 x~10x10 outdoor decks on 1 acre. Rare duplex unit near UNC For Sale by Owner FSBO. Fully rented Investment duplex nestled in the woods near the UNC park and ride, shopping centers and minutes from downtown chapel hill, UNC and Southern village. 1 acre lot touching two streets. Renovated on the inside a few years back, wood laminate flooring, no carpet. External could use a little TLC but still looks OK. This units rents in a couple weeks every time it is available. Shopping Center across the road, Building a new Publics around the corner once the town approves it. Identical units ranting for ~$950/unit on this street. Currently rented slightly under market with long term tenants on 60 day notice month to month. You can get anywhere from here UNC Park and ride ~0.5miles UNC/ Downtown Chapel Hill : 10 min Southern Village : 6 mins Duke/ Downtown Durham : 25 mins Research Triangle : 25 mins to Davis Drive Pittsboro: 15 mins Low Chatham taxes, great investment opportunity. Walk to conveniences and the UNC Park N Ride. This property won't last long Some recent accurate Comps..Zillow comps shown on page are not-accurate 1. 156 Cedar Lake Rd. $239k 6/17/19. Put up for $249 a. https://www.zillow.com/homedetails/156-Cedar-Lake-Rd-Chapel-Hill-NC-27516/2084649058_zpid/ b. Exact layout, similar condition. 2. 244 Cedar lake, 1 unit in duplex $129k, both would be $258k. 6/9/2020 a. https://www.zillow.com/homedetails/244-Cedar-Lake-Chapel-Hill-NC-27516/2079190994_zpid/ 3. 292 Cedar lake, unit A. 122k one unit, $244k both 9/3/19 a. https://www.zillow.com/homedetails/292-Cedar-Lake-Rd-A-Chapel-Hill-NC-27516/2082435577_zpid/ b. Exact layout with carpet, splitting units into condos and selling them individually 4. 355 Cedar lake, unit A. 122k one unit, $244k both 9/4/19 a. https://www.redfin.com/NC/Chapel-Hill/355-Cedar-Lake-Rd-27516/unit-B/home/41380146 5. 200 Cedar lake rd unit at single unit at 116k 9/16/19, both would be 232k a. Exact layout b. https://www.redfin.com/NC/Chapel-Hill/200-Cedar-Lake-Rd-27516/unit-A/home/168819094 6. 25 Rocky Knoll. Sold $255k 12/20/2019. Same Sq ft. same unit. 0.5mi down the road a. https://www.zillow.com/homedetails/25-Rocky-Knolls-Road-Chapel-Hill-NC-27516/2081619403_zpid/ Key words Multi multifamily multi-unit unit multi-family duplex Drive by's ok, but please do not disturb tenants.