6-Unit Multifamily
For Sale
$1,250,000
348-360 Cedar Lake Road # B Unit A & B, Chapel Hill, NC 27516
Six two-bedroom residences sit on a wooded parcel, each with one bathroom.
Property Size4,416 SF
Lot Size5.00 Acres
Price / SF$283.06
Days on Market152
Property Features for 348-360 Cedar Lake Road # B Unit A & B
General Information
Standard status
Active
Size
4,416 SF
Lot size
5.00 Acres
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$68,400
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,372
Building Details
Building Size
4,416 SF
Year Built
1981
Buildings
3
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate INC
Listed By:
Julia Tucker · License #113467
(919) 602-1222
Source:
Thecoleygroup
Added: Jun 1
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises three duplexes with a combined 4,416 square feet. Built in 1981, the six units each contain two bedrooms and one bathroom. The buildings are described as being in good condition, though they have not been updated, and all units are leased.
The duplexes occupy a wooded 5-acre parcel near shopping and a park-and-ride facility.
The duplexes occupy a wooded 5-acre parcel near shopping and a park-and-ride facility.
Key Highlights
- Three duplex buildings contain six units
- Each residence has 2 bedrooms and 1 bathroom
- Combined building area of 4,416 square feet
Property Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Six two-bedroom residences sit on a wooded parcel, each with one bathroom.
Where is this multifamily property located?
The property is located at 348-360 Cedar Lake Road # B Unit A & B Chapel Hill, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three duplex buildings contain six units; Each residence has 2 bedrooms and 1 bathroom; Combined building area of 4,416 square feet
