This is a very well-done renovation just off of Franklin Street near the heart of the University of North Carolina at Chapel Hill. It was just leased in the last couple of months for two years to a sorority.
Everything is new, including a two-bedroom addition. All new electrical and plumbing, appliances, a deck, hardwood floors and cabinets. This is not only a pride of ownership purchase but a money-maker as well for the investor who can afford to buy and hold. There is no question this will produce consistent income and the chances of it ever being vacant are extremely slim.
Chapel Hill is an immensly popular college town and brings in national press, media events and outstanding atheletes. This is one you hold on to and sell before retirement. Could make a decent 1031 property.