Investor alert! Prime Investment Opportunity - 4 Bed/4 Bath Condo Near NCSU! This first-floor 4-bedroom, 4-bathroom condo offers an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2025, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet, making it highly desirable for tenants. Three bedrooms leased at $600/month each (Potential total income of $2, 400/month when fully occupied). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced in December 2021, HVAC installed in 2018. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU) Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh and I-40. Community Amenities include Pool Volleyball and basketball courts.
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Ceiling Fan(s)
- Walk-In Closet(s)
- Flooring: Carpet, Vinyl
Appliances
- Dishwasher
- Dryer
- Electric Range
- Refrigerator
- Washer
- Water Heater
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air
- Heating Features: Central
- Heating: Yes
Pool and Spa
- Pool Features: Swimming Pool Com/Fee
Exterior and Lot Features
- Patio And Porch Features: Covered, Patio
- Road Responsibility: Private Maintained Road
Garage and Parking
- Open Parking: Yes
- Parking Features: Common, Parking Lot
Homeowners Association
- Association: Yes
- Association Amenities: Pool, Tennis Court(s)
- Association Fee: 202
- Association Fee Frequency: Monthly
- Association Fee Includes: Maintenance Grounds, Maintenance Structure, Trash, Water
- Calculated Total Monthly Association Fees: 202
- Association Name: Wilson Management
- Association Phone: 9197821717
School Information
- Elementary School: Wake County Schools
- High School: Wake County Schools
- Middle School: Wake County Schools
Rental Info
Amenities and Community Features
- Community Features: Pool, Sidewalks, Tennis Court(s)
Other Property Info
- Annual Tax Amount: 2367.659999999
- Source Listing Status: Active
- County: Wake
- Directions: I-40 West to Gorman Street, Right on Gorman, left on Avent Ferry, left on Crab Orchard, left on Collegiate
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: University Commons Lake Pk
- Parcel Number: 102
- Postal City: Raleigh
- Postal Code Plus 4: 4660
- Subdivision: University Commons Lake Pk
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1178
- Year Built: 1999
- Above Grade Finished Area: 1178
- Building Area Total: 1178
- Building Exterior Type: Vinyl Siding
- Construction Materials: Vinyl Siding
- Foundation Details: Slab
- Levels: One
- Property Age: 26
- Roof: Shingle
- Architectural Style: Traditional
Utilities
- Sewer: Public Sewer
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source: Public
