16 Davie Circle
Chapel Hill, NC 27514
Beds
4
Baths
2
Square Ft.
1,886
$675,000
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… Read More 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. Read Less
Courtesy of Compass -- Raleigh, Dana Ellington.
Listing Snapshot
Days Online
56
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,886
Lot Size
0.25 Acres
Year Built
1978
MLS Number
10171683
Additional Details
Property Access
Road Surface Type: Asphalt
Appliances & Equipment
Appliances: Dishwasher, Disposal, Washer
Basement
Basement: Daylight, Finished, Full
Building
Building Area Total: 1886.2, Building Area Units: Square Feet, Construction Materials: Brick Veneer, Cedar, Living Area Units: Square Feet, Living Area: 1886.2, Structure Type: Site Built, Year Built: 1978
Cooling
Cooling: Central Air, Heat Pump, Cooling Included
Exterior Features
Patio And Porch Features: Deck, Porch, Rear Porch, Screened
Fence
Fencing: Back Yard
Fireplaces
Fireplace Included, Features: Family Room
Floors
Flooring: Hardwood
Foundation
Foundation Details: Permanent
Heating
Heating: Heat Pump, Heating Included
Laundry
Features: Inside, Lower Level
Lot
Lot Features: Landscaped, Lot Size Acres: 0.25, Lot Size Area: 10890, Lot Size Square Feet: 10890, Lot Size Units: Square Feet, Parcel Number: 9788888848
Parking
Parking Features: Driveway
Property
Property Sub Type: Single Family Residence
Roof
Roof: Shingle
Sewer
Sewer: Public Sewer
Taxes
Tax Annual Amount: 8398.39
Utilities
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Water Source: Public
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Brandon & Clair Barbour
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