Chapel Hill, NC 27514 5 Howell Street
$1,950,000
61 more
Presented By: Compass -- Chapel Hill - Durham;
Home Details
Rare investor find! Explore an exceptional investment opportunity at 5 Howell Street, Chapel Hill! Situated conveniently close to UNC-Chapel Hill campus and hospital, this property boasts 9 units on a generous 1.47-acre lot. With a current monthly rent of $11,670 (leased through summer 2025) and potential for increases, it's a reliable income stream. Recent updates include a new roof installed in 2018, ensuring peace of mind for years to come. Includes off street parking. Get in on the dynamic development currently underway in the area. Whether you choose to maintain the steady rentals or redevelop (currently zoned R4 = potential for approx 5 more units) for higher returns, the possibilities are endless. Don't miss out on this prime location and its promising future!
Presented By: Compass -- Chapel Hill - Durham;
Interior Features for 5 Howell Street
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
BasementApartment
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringCeramic Tile, Combination, Laminate, Vinyl
Heating Y/NYes
Interior AmenitiesApartment/Suite
Laundry FeaturesIn Unit
General for 5 Howell Street
AccessibilityLevel Flooring
AppliancesDishwasher, Range, Refrigerator, Washer/Dryer Stacked
Attached Garage No
Building Area UnitsSquare Feet
Business TypeRental
Carport Y/NNo
CityChapel Hill
Construction MaterialsBrick
CoolingCeiling Fan(s), Central Air, Varies by Unit, Wall/Window Unit(s)
CountyOrange
DirectionsFrom NC-54 W, take a slight right onto the NC-54 W/US-15 S/US-501 S ramp toward Carrboro/Pittsboro/NC Botanical Garden. Merge onto NC-54 W/US-15 S/US-501 S and continue. Take the US-501 S/NC-86 N exit
Garage Y/NNo
HOANo
HeatingBaseboard, Central, Varies by Unit
Lease Considered Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet64033.2
Lot Size UnitsAcres
ModificationTimestamp2025-05-28T06:16:35.000Z
New ConstructionNo
Number of Units Leased9
Property Attached Y/NYes
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofAluminum
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories1
Structure TypeTriplex
Tax Annual Amount20707.53
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected
Year Built1962
Exterior for 5 Howell Street
Building Area Total7371
Exterior AmenitiesBuilt-in Barbecue, Private Entrance
Foundation DetailsSlab
Horse Y/NNo
Lot Dimensions62290.8
Lot FeaturesBack Yard, Open Lot, Paved
Lot Size Acres1.47
Lot Size Area1.47
Open Parking Y/NNo
Road Frontage Type2 Lane Road
Road Surface TypeAsphalt
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Nina Gervase
Realtor
