LOCATION! BIG FLAT LOT! POTENTIAL! Location! In the heart of Carrboro nestled on a spacious 11,000 sq ft+ FLAT lot, this adorable 905 sq ft, 2 bed 1 bath ranch house offers endless possibilities. Walking distance to downtown and the much-anticipated 203 Project, the future home of Carrboro Recreation, Parks and Cultural Resources & Orange County Southern Branch Library. UNC Chapel Hill / Franklin St is only 7 mins drive/12 mins bike away. NO HOA!
** With AMPLE LOT SIZE IN ZONE R75, you can build addition to the existing structure, or a brand-new single family or an ADU (city's set back and sq ft requirements apply), opportunities abound for self-occupancy, rental income, redevelopment, or all of the above, making this property a versatile asset for any buyer. And with neighboring properties fetching prices at ~$700k to $900K (according to Zestimate), investing in this prime location is not just a home, it's a savvy financial move.
** UPGRADES: Brand new in 2024 - roof, sump pump, vapor barrier, water heater. Brand new in 2023 - heat pump, refrigerator. Storage shed in the backyard provides extra storage.
** GREAT TALENT IN PLACE who keep the property in excellent condition, you can enjoy passive income while exploring your options for the future. Currently renting below market value at $1600. Lease expires 5/31/2024.
** Please do not disturb tenants.
** Property has central heat with a brand new heat pump. Each room has a ceiling fan. Living room has a window AC unit. There is no central cooling in the property. Crack was observed in the foundation wall near the rear corner. Structural engineer inspected and considered the crack a normal range for a house of this age in the Carrboro and did not feel that repairs are currently required other than re-pointing of the crack. Structural engineer report provided in the MLS doc.
Property Type :
Residential
Subdivision :
Not In A Subdivision
County :
Orange
Style :
Residential
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ByOwner last updated this listing 05/05/2024 @ 21:18
MLS: 10024552
LISTED BY: Mei Mei Wing Nei, Keller Williams Preferred Realty
SOURCE: Triangle MLS
Buyer Agency Compensation: 2.4%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
