Chapel Hill, NC 27514,5 Howell Street
Chapel Hill, NC 27514,5 Howell Street
Chapel Hill, NC 27514,5 Howell Street
Chapel Hill, NC 27514,5 Howell Street
Chapel Hill, NC 27514,5 Howell Street
Chapel Hill, NC 27514,5 Howell Street
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Listed by Compass -- Chapel Hill - Durham
$ 1,950,000
Est. payment | /mo

7,371 SqFt


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$ 1,950,000
Est. payment | /mo
Save

7,371 SqFt

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

Abv Grd Liv Area 7,371

Year Built 1962

Annual Tax Amount $20,707

Lot Size 1.470 Acres

Acres 1.47

Property Sub-Type Multi Family

Source Triangle MLS

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

Direction From NC-54 W, take a slight right onto the NC-54 W/US-15 S/US-501 S ramp toward Carrboro/Pittsboro/NC Botanical Garden. Merge onto NC-54 W/US-15 S/US-501 S and continue. Take the US-501 S/NC-86 N exit toward US-15 S/Chapel Hill/Pittsboro. Turn right onto NC-86 N/S Columbia St, then immediately turn right onto Purefoy Rd. Continue straight onto Howell St, then turn right. The destination, 5 Howell St, Chapel Hill, NC 27514, will be on your left.

Rooms

Basement Apartment

Interior

Interior Features Apartment/Suite

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

Appliance Dishwasher, Range, Refrigerator, Washer/Dryer Stacked

Laundry In Unit

Exterior

Exterior Feature Built-in Barbecue, Private Entrance

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Roof Type Aluminum

Street Surface Asphalt

Handicap Access Level Flooring

Private Pool No

Building

Lot Description Back Yard, Open Lot, Paved

Faces From NC-54 W, take a slight right onto the NC-54 W/US-15 S/US-501 S ramp toward Carrboro/Pittsboro/NC Botanical Garden. Merge onto NC-54 W/US-15 S/US-501 S and continue. Take the US-501 S/NC-86 N exit toward US-15 S/Chapel Hill/Pittsboro. Turn right onto NC-86 N/S Columbia St, then immediately turn right onto Purefoy Rd. Continue straight onto Howell St, then turn right. The destination, 5 Howell St, Chapel Hill, NC 27514, will be on your left.

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories 1

Structure Type Brick

New Construction No

Others

Special Listing Condition Standard

Doorify MLS / Triangle MLS
agent-avatar

+1(252) 904-0357

jason@waltersteam.com

526 E Nash Street, Hope, NC, 27882, United States

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5 Howell Street