Presenting an exceptional opportunity in the heart of Chapel Hill, this meticulously updated one-level home offers an outstanding investment potential. Set on a private wooded lot with an open front gathering space and plenty of parking in popular Elkin Hills, this classic Carolina one level home includes a separate one-bedroom apartment, ideal for those seeking a duplex-style living arrangement, with the option to occupy one unit and generate income from the other-an ideal setup for investors or those looking to offset living expenses. Boasting a prime central Chapel Hill location, this home is just minutes from UNC, as well as downtown shops, restaurants, and a vibrant downtown nightlife. Additionally, the local YMCA is nearby, and the convenient free bus line is just steps away. Designed for low-maintenance living, recent updates include a new roof, a newer deck, upgraded LVP flooring, modern lighting, and fresh paint throughout the apartment. The main house features a galley kitchen, 4 bedrooms, 2 full baths, beautiful hardwood floors, tile, and vinyl surfaces, and no carpet. With a proven history of consistent rental income, this residence presents an unparalleled opportunity for both homeowners and investors alike. Truly a rare find. Don't miss this special Chapel Hill gem.