INVESTOR ALERT!!! Second floor 4 bedroom, 4 bathroom condo/apartment unit located near NCSU. Each bedroom suite features a private full bath and a walk-in closet in addition to the shared kitchen, laundry area, dining room, living room, and balcony. All vinyl floor and new HVAC in 2024. The Lake Park community amenities include a swimming pool, basketball court, and volleyball courts. Enjoy convenient access to the LakeJohnson Park, Avent Ferry Shopping Center, and the Go Raleigh bus line. Currently, 3 of the rooms are leased through June 30th 2025, 2 at $550 and one at $600 per month. The remaining one room is move-in ready and available for new tenant. Ongoing rates are approximately $650 per month for individual rooms or around $2600 per month for the entire unit. Don't miss this exceptional investment opportunity with excellent cash flow potential!
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Appliances
- Washer/Dryer
- Water Heater
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air
- Heating Features: Central, Forced Air
- Heating: Yes
Interior Features
- Flooring: Vinyl
- Window Features: Blinds
Exterior and Lot Features
- Balcony
- Basketball Court
- Road Responsibility: Public Maintained Road
Garage and Parking
- Open Parking Spaces: 8
- Open Parking: Yes
- Parking Features: Parking Lot
- Parking Total: 8
Homeowners Association
- Association: Yes
- Association Amenities: Basketball Court, Parking, Pool, Trash
- Association Fee Frequency: Monthly
- Association Fee Includes: Pest Control, Trash
- Association Name: Wilson Property 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, Street Lights
Other Property Info
- Annual Tax Amount: 2368
- Source Listing Status: Active
- County: Wake
- Directions: From I-40 E, take exit 295 for Gorman St, use the right lane to take the ramp on Tryon Rd, turn right onto Lake Dam Rd, turn rightonto Crab Orchard Dr, building 1321 will be on the right, unit #203 is on the second floor
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Lakepark Condos
- Postal City: Raleigh
- Subdivision: Lakepark Condos
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1219
- Year Built: 1999
- Above Grade Finished Area: 1219
- Building Area Total: 1219
- Common Walls: 1 Common Wall
- Construction Materials: Vinyl Siding
- Foundation Details: Slab
- Levels: Three Or More
- Property Age: 26
- Roof: Shingle
- Architectural Style: Traditional
Accessibility Features
- Accessibility Features: Accessible Central Living Area, Accessible Common Area
Utilities
- Sewer: Public Sewer
- Water Source: Public
