594 Cedar Lake Rd. Road, Chapel Hill, NC 27516

Chapel Hill
Local realty services provided by:ERA Strother Real Estate
594 Cedar Lake Rd. Road,Chapel Hill, NC 27516
$1,575,000
  • 6 Beds
  • 3 Baths
  • 4,416 sq. ft.
  • Multi-family
  • Active
Listed by: todd averette
Office: 1st choice realty of triangle
MLS#:10116697
Source:RD

Price summary

  • Price:$1,575,000
  • Price per sq. ft.:$356.66

About this home

Turnkey Multi Unit Investment opportunity available! Updated 6-unit Condominium Units on Approx. 5 acres in the Beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6-unit condominium package on 5 acres of land that has much more potential. All 6 units have Excellent Rental history, close to UNC/CH Hospital, shops and grocery stores. Each unit is 736 sq ft that offers a 2 bed / 1 bath with a fireplace, new floors, appliances, fiber cement exterior siding, decks and more! Total rent for all 6 units is $7,225 with a proven rent history. This property is being sold as a package deal with 4604 Lavista Ct. in Raleigh. (MLS# 10116688) Total number of units is 8 with a total income of $9,875.

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Home facts

  • Year built:1981
  • Listing ID #:10116697
  • Added:306 day(s) ago
  • Updated:June 22, 2026 at 03:02 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Luxury Vinyl
  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:4,416 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Electric, Fireplace(s), Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1981
  • Building area:4,416 sq. ft.
  • Lot area:4.98 Acres
  • Construction Materials:Fiber Cement
  • Levels:One

Schools

  • High school:Chatham - Seaforth
  • Middle school:Chatham - Margaret B Pollard
  • Elementary school:Chatham - Chatham Grove

Utilities

  • Water:Shared Well, Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,575,000
  • Price per sq. ft.:$356.66
  • Tax amount:$5,745

Parking

  • Parking description:Gravel
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