About 594 Cedar Lake Road
Turnkey Multi Unit Investment opportunity available! Updated 6 - unit Condominium units on approx. 5 acres in the beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6 -unit condominium package on almost 5 acres of land that has much more potential. All 6 units have an excellent and proven rental history that is just minutes to UNC/CH hospital, shops and grocery stores. Each unit is 736 sq ft and offers a 2 bed / 1 bath, fireplace, new floors, appliances, fiber cement siding, decks and more! One unit is available for showings while being updated. Units are managed by Evans Property Management
Features of 594 Cedar Lake Road
| MLS® # | 10195912 |
|---|---|
| Price | $1,195,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 4,416 |
| Acres | 4.98 |
| Year Built | 1981 |
| Type | Residential Income |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 594 Cedar Lake Road |
|---|---|
| Subdivision | Shadow Ridge |
| City | Chapel Hill |
| County | Chatham |
| State | NC |
| Zip Code | 27516 |
Amenities
| Parking | Open |
|---|---|
| Has Pool | No |
Interior
| Heating | Heat Pump |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Stories | One |
| Has Basement | No |
Exterior
| Lot Description | Partially Cleared |
|---|---|
| Roof | Shingle |
| Construction | Fiber Cement |
| Foundation | Block, Permanent, Crawlspace |
School Information
| Elementary | Chatham - Chatham Grove Elementary |
|---|---|
| Middle | Chatham - Margaret B Pollard Middle School |
| High | Chatham - Seaforth High School |
Additional Information
| Date Listed | October 1st, 2026 |
|---|---|
| Zoning | R-2 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 1st Choice Realty of Triangle |
|---|