Completely reimagined, renovated, expanded and rebuilt by Design
Works Construction in partnership with favorite local architect
Chad Wilkins, this home is a showstopper. Located in the heart of
Greenwood, one of Chapel Hills most treasured neighborhoods, 753
Old Mill is ready for you to live the life you imagined! The main
floor offers exceptional and expansive gathering space, perfectly
scaled for the biggest bashes and intimate daily living. Pull up a
seat at the island and take in the view of the extra large grassy
lot and generous patio through the panoramic kitchen windows. A
scullery and mud room offer all the practical space you need
while making it possible to live gently and minimally...if
that's your thing! 2 rooms and a full bath create the perfect main
floor guest wing, office suite, or a bit of both and don't miss the
in law suite/rec room at the far end complete with kitchenette,
full bath, and private entrance and driveway. Upstairs 3 perfectly
situated en suite bedrooms embrace abundant natural light and clean
lines. Just the right room in just the right places. Back
downstairs, a retracting paneled glass door brings the outdoors in.
With a front porch, back patio, and rear covered porch as well,
whatever the weather, 753 is a great place to be outside. And if
you have World Cup Fever still, you will love the lighted practice
field, perfect for training up the next Messi.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
A wonderful opportunity to indulge your creativity in Greenwood; one of Chapel Hill’s prestigious neighborhoods bordering the UNC-CH Campus. Located on a mature .74 acre homesite you have the opportunity of a lifetime to make this one level home your own & completely reimagine it; or start from new & build. Offering 4-beds ( 1 in Apt ) , 3-baths(1 in Apt ) & an open concept living- dining area with expansive wall of glass. It's designed to bring the outside in from each window. The sep apartment sets this home apart with full kitchen, full bath & separate entrance. It features tile flooring and a cedar closet. Opportunities for multigenerational living, live-in care, a nanny ensuite, and a plethora of work from home options await you! All this and more near Battle Park, UNC Arboretum, and all things downtown Chapel Hill!
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