110 Grant St - 110 Grant Street, Chapel Hill
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
110 Grant St - 110 Grant Street, Chapel Hill
1,500 SF Speciality Building Offered at £509,145 at a 4.85% Net Initial Yield in Chapel Hill, NC 27516
Investment Highlights
- Very close to Franklin street (2 min drive) and UNC campus (5 min drive)
- High student demand; comps for the area are 3200-3500 per month. Very low opex and 3 year young property
- 4 bedroom and 4 bathroom -- very rare
Executive Summary
Beautiful and spacious 4 bedroom with 4 bathroom (all ensuite). Perfect living with privacy/space! 2018 build with latest appliances. Washer/Dryer in unit. Private car space for 3 cars and off road parking available. Has a garden and portch. Very close to Franklin street (2 min drive) and UNC campus (5 min drive). Rented for 2021/2022 school year for $3200 per month
Financial Summary (Pro forma - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£30,079
|
£20.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£30,079
|
£20.05
|
| Taxes |
£3,916
|
£2.61
|
| Operating Expenses |
£1,488
|
£0.99
|
| Total Expenses |
£5,405
|
£3.60
|
| Net Operating Income |
£24,674
|
£16.45
|
Financial Summary (Pro forma - 2021)
| Gross Rental Income | |
|---|---|
| Annual | £30,079 |
| Annual Per SF | £20.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £30,079 |
| Annual Per SF | £20.05 |
| Taxes | |
|---|---|
| Annual | £3,916 |
| Annual Per SF | £2.61 |
| Operating Expenses | |
|---|---|
| Annual | £1,488 |
| Annual Per SF | £0.99 |
| Total Expenses | |
|---|---|
| Annual | £5,405 |
| Annual Per SF | £3.60 |
| Net Operating Income | |
|---|---|
| Annual | £24,674 |
| Annual Per SF | £16.45 |
Property Facts
| Price | £509,145 | Building Class | C |
| Price Per SF | £339 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 1,500 SF |
| Net Initial Yield | 4.85% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2018 |
| Property Subtype | Residential Income |
| Price | £509,145 |
| Price Per SF | £339 |
| Sale Type | Investment |
| Net Initial Yield | 4.85% |
| Property Type | Speciality |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 1,500 SF |
| Number of Floors | 1 |
| Year Built | 2018 |
1 of 1
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Shubham Chandna
110 Grant St - 110 Grant Street, Chapel Hill
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.