8849 Chapel Hill Rd Cary, NC 27513
- Residential income homes
- 7,000 SF
- 0.71 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 8849 Chapel Hill Rd
- Year built
- 1999
- Lot size
- 0.71 lot acres
- Property size
- 7,000 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of four multifamily buildings situated on a 0.71-acre lot in desirable Cary, NC (APN: 0764.13-23-0864-000). The property, located at 8849 Chapel Hill Rd, 27513, comprises three two-story townhouses and one ranch-style building, all constructed in 1999. The total square footage is 7,000, with a current asking price of $1,400,000 ($200 per square foot). Each townhouse features four bedrooms and four bathrooms, while the ranch-style building offers five bedrooms and five bathrooms. All units include coin-operated washers and dryers. The property is currently generating rental income of $657 per room across 17 rooms. Zoned residential, this property presents significant potential for redevelopment or rezoning, offering investors a chance to capitalize on Cary's thriving market. The convenient location, minutes from downtown Cary, adds to its appeal. This Class C property is a compelling investment opportunity with strong potential for future growth and returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cary
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7903
- Latitude
- 35.7939
