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$1,635,000
2 Days On Site

594 Cedar Lake Rd. Road A & B
Chapel Hill, NC 27516

For Sale|Condominium|Active
6
Beds
3
Total Baths
3
Full Baths
4,416
SqFt
$370
/SqFt
1981
Built
Subdivision:
Shadow Ridge
County:
Chatham

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594 Cedar Lake Rd. Road A & B594 Cedar Lake Rd. Road A & B594 Cedar Lake Rd. Road A & B594 Cedar Lake Rd. Road A & B
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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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Listing Snapshot
Price 
$1,635,000
Days On Site 
2 Days
Bedrooms 
6
Inside Area (SqFt) 
4,416 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
4.98 Acres
Year Built 
1981
MLS® Number 
10116697
Status 
Active
Property Tax 
$5,744.75
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
16 hours agoListing updated with changes from the MLS®
2 days agoListing first seen on site
General Features
Acres 
4.98
Lease Term 
12 Months
Parking 
Gravel
Property Sub Type 
Condominium
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Above 
4416
SqFt Total 
4416
Stories 
One
Water Source 
PrivateShared WellWell
Zoning 
R-2
Interior Features
Basement 
Crawl Space
Cooling 
Central AirHeat Pump
Flooring 
Vinyl
Heating 
ElectricFireplace(s)Heat Pump
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Exterior Features
Construction Details 
Fiber Cement
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventional1031 Exchange
Schools
School District
Unknown
Elementary School
Chatham - Chatham Grove
Middle School
Chatham - Margaret B Pollard
High School
Chatham - Seaforth
Listing courtesy of Todd Averette of 1st Choice Realty of Triangle



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.

Last checked: 2025-08-22 05:03 AM UTC

Neighborhood & Commute
Source: Walkscore
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