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About This Property
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!
Property Details
Year Built
1962
Lot Size
1.47 acres
Property Type
Multi Family
Heating
Baseboard, Central, Varies by Unit
Cooling
Central Air, Ceiling Fan(s), Varies by Unit, Wall/Window Unit(s)
Sewer
Public Sewer
Water
Public
Location
Monthly Payment Estimate
$7,812/mo
30-year fixed estimate
Estimate only. Does not include taxes or insurance.
