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  • Appealing complex with 2 Duplexes, one with basement apartment, for a total of 5 units

  • Home-like setting with large shade trees

  • Low-maintenance structures with cosmetic updates

  • All appliances convey for each unit including washers & dryers

  • Good rental history including long-term tenants, professionals, some UNC students, various expiration dates for leases through June 2008

  • Gross monthly rent currently $3,095

  • Seller may consider financing for qualified buyer, so you could save on bank fees

 

Each Unit Has:

  • Eat-in Kitchen with electric range, range hood, dishwasher* and refrigerator*

  • Two Bedrooms; Master Bedrooms with double and single closets

  • Full Bath with one-piece tub/shower unit and linen closet

  • Laundry closet with full-size washer and dryer included

  • Patio

  • Concrete front walk and plenty of space for parking

*No dishwasher or dryer in unit 1616-B (per request of tenant, who has been there over 20 years); stack unit washer/dryer in 1616-C (basement unit)

 

 

DETAILS:
Total Area: 3,232± sq. ft.
   Per Unit: 808± sq. ft. approx.
Year Built: 1972
Lot Size: 1.03± acres
Heating/Cooling: Heat Pump/Heat Pump
Schools: FP Graham Elementary,                 Grey Culbreth Middle               Chapel Hill High 2006-2007 Carrboro High School 2007-2008
Water/Sewer: City Water/City Sewer
Possession: at closing subject to existing leases
HOA Dues: none
Room Sizes for 1614-A&B and 1616-A&B: (sizes are approximate)
Living Room : 15 x 12'  M
Kitchen: 12 x 12'  M
Bedroom 1: 12 x 10'  M
Bedroom 2: 12 x 12'  M
Room Sizes for 1616-C: (basement apartment)
Living Room : 15 x 12'  L
Kitchen: 12 x 11'  L
Bedroom 1: 12 x 10'  L
Bedroom 2: 12 x 12'  L

 

UPDATES*      1614-A 1614-B 1616-A 1616-B 1616-C
Roof 2001 2001 2003 2003 2003
Heat Pump        

2004

Dishwasher 2004 2004 2002   2004
Hot Water Heater         2004
Carpet     2004   2004
  1614-A 1614-B 1616-A 1616-B 1616-C
RENTAL FEE*    $635/mo. $595/mo. $635/mo. $625/mo. $605/mo.
LEASE EXPIRATIONS*     9/30/08 4/30/08 month-to-month 8/31/08 9/30/08

*Information Provided by seller. 

Some tenants have been there several years and plan to remain.  One has been there over 20 years.

NOTE: Property is “non-conforming” (to current zoning regulations) and therefore cannot be subdivided.

 

Room measurements taken from plans; floor plan is approximate and not to scale. Keller Williams Realty, The Shuping Advantage, Inc. & Connie Shuping believe all material to be correct, but assume no liability for its accuracy. Prices subject to change.

DIRECTIONS:  From Highway 54 Bypass, exit Smith Level Road away from town. Go 2.5 miles, turn Right at driveway beside older brick house. Stay straight back to units.

Click here for a printer friendly brochure of this property.

 

For a private viewing or for more information on this property, call:

1-888-330-6002

or e-mail us

 

Return To Local Listings
 

 

(919) 951-1945 or (888) 330-6002 or e-mail Great Triangle Homes
 

Keller Williams Realty, The Shuping Advantage, Inc., & Connie Shuping believe all material to be correct, but assume no liability for its accuracy.