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Michelle Tomlinson

michelle.tomlinson@lptrealty.com +1(919) 453-3501

Listed by Mill House Properties

$ 499,000

Est. payment | -/mo

2 Beds

2 Baths

1,207 SqFt

Save

$ 499,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,207 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,207 sqft

Price per Sqft $413

Subdivision Rosemary Village

MLS Listing ID 10191205

Style Modern

Bedrooms 2

Full Baths 2

HOA Fees $330/mo

HOA Y/N Yes

Year Built 2005

Annual Tax Amount $5,985

Property Sub-Type Condominium

Source Doorify MLS

Land Area 1207

Property Description

Prime Rosemary Street Location | UNC Investment Opportunity Well-maintained 2-bedroom, 2-bathroom, four-story townhome-style condo in downtown Chapel Hill, just off Rosemary Street and within walking distance of UNC-Chapel Hill, UNC Hospitals, Franklin Street, restaurants, shops, and public transportation. The property offers a townhome-style layout with no neighbors above or below, hardwood floors, a gas fireplace, dining area, and a well-appointed kitchen with granite countertops and stainless steel appliances. Additional features include a private rooftop terrace and assigned covered parking, valuable amenities in downtown Chapel Hill. The location and two-bedroom floor plan make this an attractive option for the UNC student, faculty, medical, and professional rental market, subject to HOA and leasing restrictions. Currently leased through the end of July 2027, offering immediate rental income for the next owner. For parents of incoming UNC students, this creates a unique opportunity to collect rental income while their child is still in their freshman year, rather than purchasing a property that could sit vacant until their student is ready to move in. A well-positioned downtown Chapel Hill property offering immediate income, long-term ownership potential, and an exceptional location near UNC.

Location

State NC

County Orange

Community Rosemary Village

Interior

Interior Features Ceiling Fan(s), Crown Molding, Recessed Lighting, Stone Counters

Heating Fireplace(s)

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Tile, Wood

Fireplaces Number 1

Fireplaces Type Gas Log, Living Room

Fireplace Yes

Appliance Oven, Dryer, Range, Washer, Microwave, Dishwasher

Laundry In Unit

Exterior

Exterior Feature Balcony, Barbecue, Outdoor Grill

Parking Features Off Street

Garage Spaces 1.0

Roof Type Flat

Total Parking Spaces 1

Garage No

Building

Story Quad-Level

Foundation Permanent

Water Public

Architectural Style Modern

New Construction No

Schools

Elementary Schools Chapel Hill Carrboro - Northside Elementary School

Middle Schools Chapel Hill Carrboro - Rd And Euzelle Smith Middle School

High Schools Chapel Hill Carrboro - Chapel Hill High School

Others

Senior Community No

Tax ID 9788164814.013

Security Features Fire Sprinkler System

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(919) 453-3501

michelle.tomlinson@lptrealty.com

400 W Rosemary ST Chapel Hill, NC 27516

Michelle Tomlinson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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400 W Rosemary ST