Bought with Christina Valkanoff Realty Group
$272,000
$279,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
1,178 SqFt
SOLD DATE : 07/22/2025
Key Details
Sold Price $272,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,178 sqft
Price per Sqft $230
Subdivision University Commons Lake Pk
MLS Listing ID 10077089
Sold Date 07/22/25
Bedrooms 4
Full Baths 4
HOA Fees $202/mo
HOA Y/N Yes
Abv Grd Liv Area 1,178
Year Built 1999
Annual Tax Amount $2,367
Property Sub-Type Condominium
Source Triangle MLS
Property Description
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.
Location
State NC
County Wake
Community Pool, Sidewalks, Tennis Court(S)
Direction I-40 West to Gorman Street, Right on Gorman, left on Avent Ferry, left on Crab Orchard, left on Collegiate
Rooms
Bedroom Description Primary Bedroom, Bedroom 2, Bathroom 3, Bathroom 4, Kitchen, Living Room
Interior
Interior Features Ceiling Fan(s), Walk-In Closet(s)
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Vinyl
Appliance Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Water Heater
Laundry In Unit
Exterior
Pool Swimming Pool Com/Fee
Community Features Pool, Sidewalks, Tennis Court(s)
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
Roof Type Shingle
Porch Covered, Patio
Garage No
Private Pool No
Building
Faces I-40 West to Gorman Street, Right on Gorman, left on Avent Ferry, left on Crab Orchard, left on Collegiate
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake County Schools
Middle Schools Wake County Schools
High Schools Wake County Schools
Others
HOA Fee Include Maintenance Grounds,Maintenance Structure,Trash,Water
Tax ID 102
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
