Investor Special! Whether you're starting your rental portfolio, looking for passive income, or want a cost-effective housing option for a student at NC State, this is your opportunity. This second-floor, one-level 4-bedroom, 4-bathroom condo offers flexibility for both investors and owner-occupants. Live in one room, lease the other three, or rent out all four for maximum return. The unit is currently leased through July 23, 2026, with four individual residential lease agreements in place. It generates $1, 975/month in rental income, with tenants responsible for their own utilities. Water, parking and trash included in HOA fee. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.
Property Features
Bedrooms
- Bedrooms: 4
- Bedroom 2 Level: Main
- Bedroom 3 Level: Main
- Bedroom 4 Level: Main
Other Rooms
- Total Rooms: 6
- Family Room Level: Main
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Bathrooms On Main Level: 4
Heating and Cooling
- Cooling Features: Central Air, Heat Pump
- Heating Features: Forced Air, Heat Pump
- Heating: Yes
Interior Features
Kitchen and Dining
Exterior and Lot Features
- Road Responsibility: Private Maintained Road
Garage and Parking
- Open Parking Spaces: 4
- Open Parking: Yes
- Parking Total: 4
Homeowners Association
- Association: Yes
- Association Fee: 300
- Association Fee Frequency: Monthly
- Association Fee Includes: Electricity, Maintenance Grounds, Road Maintenance, Trash, Water
- Calculated Total Monthly Association Fees: 300
- Association Name: Preiss Company
- Association Phone: 9198705080
School Information
- Elementary School: Wake County Schools
- High School: Wake County Schools
- Middle School: Wake County Schools
Rental Info
Other Property Info
- Annual Tax Amount: 2226.329999999
- Source Listing Status: Active
- County: Wake
- Directions: From I 440E /US 1 N take exit 2A for Western Blvd towards NCSU. Continue on Western Blvd and turn R onto Clanton Street.Then turn L onto Sherman Avenue. Turn R onto Carlton Avenue. Complex will be located on right.
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: University Oaks
- Parcel Number: 0793.05-29-2951 0045445
- Postal City: Raleigh
- Postal Code Plus 4: 5086
- Subdivision: University Oaks
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1287
- Year Built: 1999
- Above Grade Finished Area: 1287
- Building Area Total: 1287
- Construction Materials: Vinyl Siding
- Levels: One
- Property Age: 26
- Roof: Shingle
- Levels or Stories: 1
- Architectural Style: Traditional
Utilities
- Sewer: Public Sewer
- Water Source: Public
