Attention investors! A rarely seen discount on one of the most popular investment properties in Raleigh. Guaranteed full market rent ($600/month) through the end of all 4 current leases PLUS one additional month to cover vacancy loss, if there is any. Must be able to close by May 20th to qualify. Total of $2400 rental income per month! Ask me how! Come see one of the most convenient and one of the least expensive ways for your renters to live near NCSU campus (11 minutes) and downtown (12 minutes). This ''shared living'' condo is popular with students and professionals alike and will stay occupied whether you are looking for long term stable income or maximum profit. Shared areas are the kitchen, living room, sunroom and in-unit laundry which includes full size washer (replaced in 2020) and dryer (replaced in 2023). HVAC replaced in 2019. The four bedrooms are located in the 4 corners of the condo separated by 4 private full baths, creating maximum noise reduction. Common areas have durable, low maintenance, luxury, vinyl plank flooring, window blinds, electric stove, refrigerator dishwasher, exhaust fan and washer/dryer. Three long term renters are in place with the earliest lease ending date in August. One of the 4 renters has given notice and is moving out in May. All were subjected to a rigorous approval process including income verification, rental references credit and background checks. Current market rates are $600 per room. The common areas are freshly painted; the kitchen cabinets have been painted a trendy charcoal gray. This building is uniquely located on its own street surrounded by trees. This one won't last! Come, visit and bring all offers! You'll be glad you did!
Property Features
Bedrooms
- Bedrooms: 4
- Bedroom 2 Level: Second
- Bedroom 3 Level: Second
- Bedroom 4 Level: Second
Other Rooms
- Total Rooms: 7
- Family Room Level: Second
- Florida Room Level: Second
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Ceiling Fan(s)
- Flooring: Carpet, Luxury Vinyl, Vinyl
- Window Features: Blinds, Insulated Windows
Appliances
- Dishwasher
- Dryer
- Electric Range
- Range Hood
- Refrigerator
- Washer/Dryer
- Water Heater
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air, Heat Pump
- Heating Features: Electric, Forced Air
- Heating: Yes
Kitchen and Dining
Land Info
- Lot Description: Hardwood Trees, Landscaped, Level, Many Trees, Wooded
- Vegetation: Grassed, Wooded
Exterior and Lot Features
- Road Frontage Type: City Street
- Road Responsibility: Public Maintained Road
- Road Surface Type: Asphalt
Garage and Parking
- Open Parking Spaces: 4
- Open Parking: Yes
- Parking Features: Common, Off Street, Outside, Parking Lot
- Parking Total: 4
Homeowners Association
- Association: Yes
- Association Amenities: Landscaping, Parking, Trash
- Association Fee: 258
- Association Fee Frequency: Monthly
- Association Fee Includes: Maintenance Grounds, Trash
- Calculated Total Monthly Association Fees: 258
- Association Name: Wilson Property Management
- Association Phone: 9198599552
School Information
- Elementary School: Wake - Swift Creek
- High School: Wake - Athens Dr
- Middle School: Wake - Dillard
Rental Info
Amenities and Community Features
- Community Features: Curbs, Sidewalks, Street Lights
Other Property Info
- Annual Tax Amount: 2425
- Source Listing Status: Active
- County: Wake
- Directions: From I40, east, exit 295 onto Gorman Street and turn right. Turn left onto Tryon, turn LEFT onto Trailwood, then left onto Canine Tech Way then right at the stop sign and follow the road past the dumpsters on your left. 1911 is the building immediately to your right, #204 is on the 2nd floor on your left at the top of the stairs.
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: University Woods
- Parcel Number: 0792082239
- Postal City: Raleigh
- Postal Code Plus 4: 9435
- Subdivision: University Woods
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1391
- Year Built: 2002
- Above Grade Finished Area: 1391
- Building Area Total: 1391
- Common Walls: 1 Common Wall, End Unit, No One Above
- Construction Materials: Vinyl Siding
- Entry Level: 3
- Foundation Details: Slab
- Levels: One
- Property Age: 23
- Roof: Asphalt
- Levels or Stories: 1
- Structure Type: Multi Family, Site Built
- Architectural Style: Traditional
Utilities
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Water Connected
- Water Source: Public
Home Features
- Security Features: Fire Sprinkler System, Smoke Detector(s)