16 Davie CIR, Chapel Hill, NC 27514
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16 Davie CIR, Chapel Hill, NC 27514
16 Davie CIR, Chapel Hill, NC 27514
16 Davie CIR, Chapel Hill, NC 27514
16 Davie CIR, Chapel Hill, NC 27514
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Miguel Fragoso

Miguel Fragoso

+1(919) 939-0838
Listed by Compass -- Raleigh
$ 675,000
Est. payment /mo
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Pending

16 Davie CIR Chapel Hill, NC 27514

4 Beds

2 Baths

1,886 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,886 sqft

Price per Sqft $357

Subdivision Davie Woods

MLS Listing ID 10171683

Style Bungalow

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1978

Annual Tax Amount $8,398

Lot Size 1,886 Sqft

Acres 0.25

Property Sub-Type Single Family Residence

Source Doorify MLS

Land Area 1886

Property Description

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

State NC

County Orange

Community Davie Woods

Area 0.25

Rooms

Basement Finished

Interior

Cooling Central Air, Heat Pump

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Family Room

Fireplace Yes

Appliance Washer, Disposal, Dishwasher

Laundry Lower Level

Exterior

Parking Features Driveway

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage No

Building

Lot Description Landscaped

Story Multi/Split

Foundation Permanent

Water Public

Architectural Style Bungalow

New Construction No

Schools

Elementary Schools Chapel Hill Carrboro - Frank Porter Graham Dual Language Magnet Elementary School

Middle Schools Chapel Hill Carrboro - Grey Culbreth Middle School

High Schools Chapel Hill Carrboro - East Chapel Hill High School

Others

Senior Community No

Tax ID 9788888848

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Doorify MLS

Nearby Locations

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16 Davie CIR