202 Scarlett Dr - 202 Scarlett Drive, Chapel Hill
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202 Scarlett Dr - 202 Scarlett Drive, Chapel Hill
2,194 SF Speciality Building Offered at £625,960 at a 3.75% Net Initial Yield in Chapel Hill, NC 27517
Investment Highlights
- Close to Wegmans -- Chapel Hill
- High student demand: rent ranges from 3000-3800 per month
- 4br 4.5bath -- Luxury Home
Executive Summary
An absolute must see! This developer's home comes with all the upgrades! High quality finishes including granite, appliances, tile, and hardwood flooring that is throughout the home. Very close to Wegmans!!
You can't miss on this one! Walk into the spacious open concept living area next to the beautiful dining space and extra large kitchen with TONS of storage and top of the line finishes. Walk back toward the INCREDIBLE sunroom that wraps around the back of the home giving you a perfect place for coffee in the morning. Each extra spacious bedroom comes with a large closet and bathroom as well.
Incredibly convenient location is just steps from a Chapel Hill Transit bus stop for transportation to UNC and Franklin Street. Bypass hectic 15-501 and easily use Legion Road to get to Trader Joe's, Starbucks, Chipotle, and more in the Ram's Plaza area or swing toward the Durham side of I-40 and reach shopping and dining including Blaze Pizza, Outback Steakhouse, Wal-Mart, Total Wine, and so much more in less than 5 minutes.
You can't miss on this one! Walk into the spacious open concept living area next to the beautiful dining space and extra large kitchen with TONS of storage and top of the line finishes. Walk back toward the INCREDIBLE sunroom that wraps around the back of the home giving you a perfect place for coffee in the morning. Each extra spacious bedroom comes with a large closet and bathroom as well.
Incredibly convenient location is just steps from a Chapel Hill Transit bus stop for transportation to UNC and Franklin Street. Bypass hectic 15-501 and easily use Legion Road to get to Trader Joe's, Starbucks, Chipotle, and more in the Ram's Plaza area or swing toward the Durham side of I-40 and reach shopping and dining including Blaze Pizza, Outback Steakhouse, Wal-Mart, Total Wine, and so much more in less than 5 minutes.
Financial Summary (Pro forma - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£28,168
|
£12.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£28,168
|
£12.84
|
| Taxes |
£3,130
|
£1.43
|
| Operating Expenses |
£1,565
|
£0.71
|
| Total Expenses |
£4,695
|
£2.14
|
| Net Operating Income |
£23,474
|
£10.70
|
Financial Summary (Pro forma - 2021)
| Gross Rental Income | |
|---|---|
| Annual | £28,168 |
| Annual Per SF | £12.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £28,168 |
| Annual Per SF | £12.84 |
| Taxes | |
|---|---|
| Annual | £3,130 |
| Annual Per SF | £1.43 |
| Operating Expenses | |
|---|---|
| Annual | £1,565 |
| Annual Per SF | £0.71 |
| Total Expenses | |
|---|---|
| Annual | £4,695 |
| Annual Per SF | £2.14 |
| Net Operating Income | |
|---|---|
| Annual | £23,474 |
| Annual Per SF | £10.70 |
Property Facts
| Price | £625,960 | Building Class | C |
| Price Per SF | £285 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 2,194 SF |
| Net Initial Yield | 3.75% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2017 |
| Property Subtype | Residential Income |
| Price | £625,960 |
| Price Per SF | £285 |
| Sale Type | Investment |
| Net Initial Yield | 3.75% |
| Property Type | Speciality |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,194 SF |
| Number of Floors | 1 |
| Year Built | 2017 |
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202 Scarlett Dr - 202 Scarlett Drive, Chapel Hill
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