Income-producing opportunity in Chapel Hill school district without Chapel Hill city taxes! Set on nearly half an acre in Heritage Hills, this versatile brick ranch offers three distinct living spaces and multiple options: rent all three, live on the main level while generating income downstairs, or create private accommodations for extended family, guests, teens, or a home office. The main level features three bedrooms, two fully remodeled baths, original oak hardwood floors, a fireplace, and a beautifully renovated kitchen with solid cherry cabinetry, granite countertops, subway-tile backsplash, stainless appliances, a large island, and beverage refrigerator. The adjoining dining area overlooks the private wooded backyard. The finished lower level is configured as two separate living spaces—a studio and a one-bedroom apartment—each with a kitchenette, full bath, living/sleeping space, and private exterior access. A centrally located laundry room serves all three living areas. Recent improvements include fresh interior and exterior paint in 2026; new moisture-resistant porcelain flooring and paint throughout the lower level in 2025; a new high-capacity washer in 2025; water heater replacement in 2024; updated lower-level baths; and extensive stone walkways, landscaping, and drainage improvements. Minutes from Southern Village, Fan Branch Trail, shopping, dining, and UNC, with no HOA and nearly half an acre of privacy. Optional membership to the Heritage Hills Recreation Club provides access to the neighborhood pool and tennis facilities. A rare combination of location, flexibility, and income potential.