Located in the highly sought-after Chapel Hill market. This property offers a compelling opportunity for experienced investors looking to renovate and reposition. The property requires an extensive rehab and is in a flood zone but it is priced accordingly making it ideal for those seeking upside through improvements, rental optimization, or resale. The home is in close proximity to UNC-Chapel Hill, Duke University and the Research Triangle Park. The Town of Chapel Hill offers fare-free public transit, which services the entire town including the University campus, and is within walking distance of the home. Shopping and restaurants are also within paved walking distance Walls have been removed in lower level, which is on a slab. It has walkout access and there were previously 3 bedrooms and a full bath located there as well as additional living area that were all heated. Home also includes a large sunroom as well as a 544 sqft accessory room attached to the second level in the back of the house that is on pylons and could serve as additional living space.