Under contract

16 Davie Cir, Chapel Hill, NC 27514

Beds
4
Baths
2
Sqft
1,886.20

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCompass -- Raleigh
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Overview

Investment Opportunity in One of Chapel Hill's Most Desirable Rental Corridors - Currently rented through July 28, 2026 at $3800 a month. Then July 28 2026-2027 for $3875. Positioned approximately one mile from the University of North Carolina at Chapel Hill, this property offers the combination investors seek most: a high-demand location, functional floor plan, and significant recent capital improvements that reduce near-term ownership costs. Located on Davie Circle, a well-established neighborhood with consistent demand from faculty, graduate students, medical professionals, and long-term residents, this property is strategically positioned to benefit from Chapel Hill's limited housing inventory and enduring rental market fundamentals. The versatile layout includes four bedrooms, creating multiple opportunities for maximizing rental income, accommodating work-from-home tenants, or supporting multi-generational living arrangements. The open design and abundant natural light enhance tenant appeal while supporting strong occupancy potential. Recent improvements provide a compelling deferred-maintenance story. Major updates include a screened porch and storage room addition (2016), roof replacement with skylight (2018), new deck (2019), water heater (2022), and HVAC heat pump system (2023). The kitchen has also been upgraded with quartz countertops, delivering the modern finishes today's tenants expect while minimizing future capital expenditures. Outdoor amenities further strengthen the property's rental profile. The screened porch, deck, and fully fenced private yard offer desirable lifestyle features that can support premium rents, improve tenant retention, and differentiate the asset from competing inventory near campus. For investors seeking immediate income potential, the property is move-in ready with no significant renovation bridge period required. The combination of location, flexible square footage, private outdoor space, and substantial system upgrades creates a well-positioned asset in one of North Carolina's most resilient university-driven housing markets. Strong location. Proven demand. Capital improvements already completed. A turnkey opportunity for investors focused on long-term appreciation, stable occupancy, and reduced maintenance exposure.

Location

Full feature list

Basic info

Property type
House
Number of stories
2
Number of bedrooms
4
Number of bathrooms
2
Square feet
1,886.20
Lot size (acres)
0.25
Year built
1978

Interior features

Basement
Yes, Finished
Fireplaces
1
Laundry
Inside, Lower Level

Exterior features

Horse amenities
Stable

Utilities

Heating
Heat Pump
Cooling
Central Air, Heat Pump
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$8,398.39

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Triangle MLS MLS®#: 10171683 Last checked:

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