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500 Shepherd Lane 1-8
Chapel Hill, NORTH CAROLINA 27514


Price: $497,500


1900 SqFt

Listing # 2143990
Great price=great cap rate for this easy-to-rent 8 unit building. Solid history, easy to maintain and access single story design, right in the heart of Chapel Hill! 4 studios and 4 one bedroom units, each with their own washer/dryer, dishwasher, and beautiful tile floors. Your tenants can walk to University Mall, Caffe Driade, Southern Season, Chapel Hill Community Center, Battle Park, Silverspot, and the grocery, bank, gas station and post office! A bike ride away from UNC, and on the bus line.
Basic Features:
Acres:
Area: 202 - Chapel Hill - UNC Area
City Name: Chapel Hill
County: Orange
Neighborhood:
Schools: CH/Carrboro - Rashkis, CH/Carrboro - Guy Phillips, CH/Carrboro - East Chapel Hill
State: NORTH CAROLINA
Sub Area: 202 - Chapel Hill - UNC Area
Subdivision: Shepherd Lane
Property Type: MULTIFAMILY
Postal Code: 27514
SqFt: 1900
Number of Buildings:
Number of Stories:
Additional Features:
Total Units: 8
1st Unit Available: 3-6 Months, Tenant
2nd Unit Available: 1 Year, Tenant
3rd Unit Available: 3-6 Months, Tenant
4th Unit Available: 3-6 Months, Tenant
Air Conditioning: Central Air, Window Unit(s)
Elementary School 1: CH/Carrboro - Rashkis, CH/Carrboro - Guy Phillips, CH/Carrboro - East Chapel Hill
Exterior Finish: Stucco
Flooring: Carpet, Tile
Foundation: Slab
Fuel Heat: Electric
Heating: Forced Air
High School 1: CH/Carrboro - East Chapel Hill
Living Area Total SqFt (Unit 1): 360
Living Area Total SqFt (Unit 2): 360
Living Area Total SqFt (Unit 3): 590
Living Area Total SqFt (Unit 4): 590
Lot Description: Hardwood Trees, Partially Cleared, Private Rd
Lot Number: 501-508
Type: Other
Middle School 1: CH/Carrboro - Guy Phillips
New Construction: No
Parking: 1 space/Unit, Off Street Parking
Status: ACTIVE
Status Category: Active
Total HOA Dues: 180.00
Unit 1 Above Grade SqFt: 360
Unit 1 Information: 1 Bath, Dishwasher, Efficiency, Range/Oven, Refrigerator, W/D Connection
Unit 1 Monthly Rent: 650
Unit 2 Above Grade SqFt: 360
Unit 2 Information: 1 Bath, Dishwasher, Efficiency, Range/Oven, Refrigerator, W/D Connection
Unit 2 Monthly Rent: 695
Unit 3 Above Grade SqFt: 590
Unit 3 Information: 1 Bath, 1 Bedroom, 1st Floor Bedroom, Dishwasher, Kitchen, Living Room, Range/Oven, Refrigerator, W/D Connection
Unit 3 Monthly Rent: 750
Unit 4 Above Grade SqFt: 590
Unit 4 Information: 1 Bath, 1 Bedroom, 1st Floor Bedroom, Dishwasher, Kitchen, Living Room, Range/Oven, Refrigerator, W/D Connection
Unit 4 Monthly Rent: 750
Water/Sewer: City Sewer, City Water
Year Built: 1957


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The properties marked with the TMLS icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange (IDX) Database. Information deemed reliable, but not guaranteed. Updated Saturday, August 19th, 2017


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