$297,000
1241 University Ct Apt 204, Raleigh, NC 27606
- 4Beds
- 4Baths
- 1165SqFt
- 4Beds
- 4Baths
- 1165SqFt
- Property TypeCondo
- Year Built1997
- HOA Fees$202/mo
- Price per Sqft$255
- On highrises1 Day
Property Details
NCSU PARENTS & STUDENTS & INVESTORS! Excellent income-producing property at University Commons - Lake Park! This spacious 4-bedroom, 4-bath condo features four private en suite units, each with its own full bath and walk-in closet - ideal for generating strong, steady rental income. Shared spaces include a comfortable living room, fully equipped kitchen, washer/dryer, and private balcony with outdoor storage. Currently, one bedroom is leased at $800 per month through December 29, 2025, with electricity, water/sewer, and internet included (paid by landlord). The remaining three bedrooms are vacant and ready to rent, offering excellent upside potential. When fully occupied, the property's income potential $3,200/month. Located within walking distance to Lake Johnson, walking trails, and NC State University, with easy access to the WolfLine bus route, downtown Raleigh, and I-40. Community amenities include a pool, volleyball court, and basketball court. Please note: property is tenant-occupied, please note a 24-hour notice required for showings. An outstanding opportunity to own a turnkey, income-producing property or a perfect setup for NCSU students seeking private suites with shared living comfort.
Property Features
Bedrooms
- Bedrooms: 4
- Primary Bedroom Level: Main
- Bedroom 2 Level: Main
- Bedroom 3 Level: Main
- Bedroom 4 Level: Main
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Cheryl Perry
- state license#359808
- Brokered by:
- Raleigh Realty Inc.
- (919) 249-8536