No showings. Tenant occupied and only can see the property once under contract. Attention seasoned investors who understand the hassles and expenses associated with the traditional rental model. This turnkey multifamily investment comes with an innovative, proven rental model that minimizes background/income check hassles as well as the high cost of marketing for tenants, vacancies and evictions while providing a service to the less fortunate! Act now and lock in an immediate and consistent return on your investment. Or cancel the leases and implement your own model. Either way you win! Ask your agent to download and forward the documents in the MLS explaining this successfully proven model and current rent rolls or call the listing broker. Current monthly rent totals $2, 050. Security deposits total $3, 850 and convey at settlement.
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Ceiling Fan(s)
- Eat-in Kitchen
- Entrance Foyer
- Flooring: Carpet, Vinyl
Appliances
- Dishwasher
- Dryer
- Electric Range
- Gas Water Heater
- Microwave
- Refrigerator
- Washer
- Laundry Features: Laundry Closet
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Pool and Spa
- Pool Features: Swimming Pool Com/Fee
Exterior and Lot Features
- Patio And Porch Features: Covered
Garage and Parking
- Parking Features: Parking Lot
Homeowners Association
- Association: Yes
- Association Amenities: Basketball Court, Maintenance Grounds, Maintenance Structure
- Association Fee: 184
- Association Fee Frequency: Monthly
- Association Fee Includes: Maintenance Grounds, Maintenance Structure
- Calculated Total Monthly Association Fees: 184
- Association Name: Wilson Property Mgt
- Association Phone: 9197821717
School Information
- Elementary School: Wake - Combs
- High School: Wake - Athens Dr
- Middle School: Wake - Centennial Campus
Multi-Unit Info
Amenities and Community Features
Other Property Info
- Annual Tax Amount: 1883.900000000
- Source Listing Status: Active
- County: Wake
- Directions: GPS
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: University Commons Lake Pk
- Parcel Number: 0783.20-92-0457.009
- Postal City: Raleigh
- Postal Code Plus 4: 4664
- Subdivision: University Commons Lake Pk
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1200
- Year Built: 1998
- Above Grade Finished Area: 1200
- Building Area Total: 1200
- Building Exterior Type: Vinyl Siding
- Construction Materials: Vinyl Siding
- Foundation Details: Permanent
- Levels: One
- Property Age: 26
- Property Condition: Fixer
- Roof: Shingle
- Architectural Style: Traditional
Utilities
- Gas: Forced Air
- Sewer: Public Sewer
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source: Public
