5 Howell Street Coming Soon Save Request In-Person Tour Request Virtual Tour
Chapel Hill,NC 27514
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Coming soon
Purchase Type For Sale
Square Footage 7,371 sqft
Price per Sqft $264
MLS Listing ID 10098426
Style Triplex
Year Built 1962
Annual Tax Amount $20,707
Lot Size 1.470 Acres
Property Sub-Type Multi Family
Property Description
Rare investor find! Explore an exceptional investment opportunity at 5 Howell Street, Chapel Hill! Situated conveniently close to UNC-Chapel Hill campus and hospital, this property boasts 9 units on a generous 1.47-acre lot. With a current monthly rent of $11,670 (leased through summer 2025) and potential for increases, it's a reliable income stream. Recent updates include a new roof installed in 2018, ensuring peace of mind for years to come. Includes off street parking. Get in on the dynamic development currently underway in the area. Whether you choose to maintain the steady rentals or redevelop (currently zoned R4 = potential for approx 5 more units) for higher returns, the possibilities are endless. Don't miss out on this prime location and its promising future!
Location
State NC
County Orange
Interior
Heating Baseboard,Central,Varies by Unit
Cooling Ceiling Fan(s),Central Air,Varies by Unit,Wall/Window Unit(s)
Flooring Ceramic Tile,Combination,Laminate,Vinyl
Laundry In Unit
Exterior
Exterior Feature Built-in Barbecue,Private Entrance
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Type Aluminum
Building
Lot Description Back Yard,Open Lot,Paved
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Special Listing Condition Standard