Turnkey Investment Condo Near NC State | High Rental Demand Great opportunity to acquire a low-maintenance, income-producing condo at 1420 Collegiate Circle, Unit 102, ideally located just minutes from NC State University. This ground-level unit sits in a proven rental market with consistent demand from students, faculty, and young professionals. The functional floor plan and easy first-floor access make this unit attractive to renters and simple to manage. Close proximity to I-40, I-440, Downtown Raleigh, shopping, dining, PNC Arena, and State Fairgrounds further strengthens long-term rental appeal. Condo living offers predictable expenses and minimal exterior maintenance, making this property well-suited for buy-and-hold investors, portfolio additions, or first-time investors seeking reliable occupancy. Strong location. Immediate rental potential. Priced to move.
Property Features
Bedrooms
- Bedrooms: 4
- Primary Bedroom Level: Main
- Bedroom 2 Level: Main
- Bedroom 3 Level: Main
- Bedroom 4 Level: Main
Other Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric
- Heating: Yes
Interior Features
Exterior and Lot Features
- Road Maintenance: Public Maintained Road
Homeowners Association
- Association: Yes
- Association Fee: 202
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 202
- 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
Other Property Info
- Standard
- Annual Tax Amount: 2377
- Source Listing Status: Coming Soon
- County: Wake
- Directions: Take I-40 to Exit 295 (Gorman Street) - this is the exit for Gorman Street toward Raleigh/State Fairgrounds. Head north on Gorman Street after exiting the freeway. Turn left onto Avent Ferry Road. Continue on Avent Ferry, then turn left onto Crab Orchard Drive. Follow Crab Orchard Drive into the Lake Park/University Commons Turn left on Collegiate
- Tax Year: 25
- Source Property Type: Residential
- Source Neighborhood: University Commons Lake Pk
- Parcel Number: 0783826312
- Subdivision: University Commons Lake Pk
- Property Subtype: Apartment
Building and Construction
- Total Square Feet Living: 1071
- Year Built: 1997
- Above Grade Finished Area: 1071
- BelowGradeFinishedArea: 0
- Building Area Total: 1071
- Construction Materials: Vinyl Siding
- Foundation Details: Slab
- Levels: One
- Property Age: 29
- Roof: Tile
- Levels or Stories: One
- Total Above Grade Sqft Area: 1071
- Total Area Sqft: 1071
- Architectural Style: Traditional
Utilities
- Sewer: Public Sewer
- Cable Available
- Water Source: Public