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LOCATION! BIG FLAT LOT! POTENTIAL! Location! In the heart of Carrboro nestled on a spacious 11,000 sq ft+ FLAT lot, this adorable 905 sq ft, 2 bed 1 bath ranch house offers endless possibilities. Walking distance to downtown and the much-anticipated 203 Project, the future home of Carrboro Recreation, Parks and Cultural Resources & Orange County Southern Branch Library. UNC Chapel Hill / Franklin St is only 7 mins drive/12 mins bike away. NO HOA! ** With AMPLE LOT SIZE IN ZONE R75, you can build addition to the existing structure, or a brand-new single family or an ADU (city`s set back and sq ft requirements apply), opportunities abound for self-occupancy, rental income, redevelopment, or all of the above, making this property a versatile asset for any buyer. And with neighboring properties fetching prices at ~$700k to $900K (according to Zestimate), investing in this prime location is not just a home, it`s a savvy financial move. ** UPGRADES: Brand new in 2024 - roof, sump pump, vapor barrier, water heater. Brand new in 2023 - heat pump, refrigerator. Storage shed in the backyard provides extra storage. ** GREAT TALENT IN PLACE who keep the property in excellent condition, you can enjoy passive income while exploring your options for the future. Currently renting below market value at $1600. Lease expires 5/31/2024. ** Please do not disturb tenants. ** Property has central heat with a brand new heat pump. Each room has a ceiling fan. Living room has a window AC unit. There is no central cooling in the property. Crack was observed in the foundation wall near the rear corner. Structural engineer inspected and considered the crack a normal range for a house of this age in the Carrboro and did not feel that repairs are currently required other than re-pointing of the crack. Structural engineer report provided in the MLS doc.