Investor Alert! Fully leased through July 2026 and recently renovated 3 bed 3 bath with excellent rental history! Fantastic investment opportunity just minutes from NC State and downtown Raleigh. This unit has had perfect rental history for years with many applications submitted whenever it hits the rental market. This is a true turnkey opportunity for someone just getting into real estate investment or the portfolio investor looking to add an excellent asset. Recent renovation in 2024 included new LVT floors, new lights and fans, all new paint, new plumbing fixtures, new quartz kitchen countertops, new appliances, new hot water heater, and all electronic locks. This place needs absolutely nothing and is ready continue renting for years to come. The unit is in a desirable NC State location with a bus stop right outside the complex. It has 3 large bedrooms and each bedroom has its own closet and bathroom, ideal for roommates wanting privacy. The sunroom makes for an excellent work or hang-out area and adds a lot of natural light to the space. The unit also features a washer/dryer and full kitchen.
Property Features
Bedrooms
- Bedrooms: 3
- Primary Bedroom Dimensions: 15' x 12'
- Bedroom 2 Dimensions: 12' x 12'
- Bedroom 3 Dimensions: 12' x 12'
- Primary Bedroom Level: Main
- Bedroom 2 Level: Main
- Bedroom 3 Level: Main
- Primary Bedroom Description: Larger Bedroom
Other Rooms
- Total Rooms: 6
- Sun Room Dimensions: 9' x 10'
- Living Room Dimensions: 16' x 12'
- Sun Room Level: Main
- Living Room Level: Main
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Interior Features
- Ceiling Fan(s)
- Flooring: Luxury Vinyl
Appliances
- Cooktop - Down
- Electric Oven
- ENERGY STAR Qualified Dishwasher
- ENERGY STAR Qualified Water Heater
- Free-Standing Refrigerator
- Laundry Features: In Unit, Laundry Closet
Heating and Cooling
- Cooling Features: Central Air, Heat Pump
- Heating Features: Heat Pump
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 8' x 10'
- Kitchen Level: Main
Land Info
- Lot Size Acres: 0.25
- Lot Size Square Feet: 10890
Exterior and Lot Features
- Road Maintenance: Public Maintained Road
Garage and Parking
- Open Parking Spaces: 3
- Open Parking: Yes
- Parking Total: 3
Homeowners Association
- Association: Yes
- Association Amenities: Hot Water, Maintenance Grounds, Trash
- Association Fee: 258
- Association Fee Frequency: Monthly
- Association Fee Includes: Cable TV, Maintenance Grounds, Trash
- Calculated Total Monthly Association Fees: 258
- Association Name: University Wood Condominium Association
- Association Phone: 9198569188
School Information
- Elementary School: Wake - Swift Creek
- High School: Wake - Athens Dr
- Middle School: Wake - Dillard
Rental Info
Amenities and Community Features
- Community Features: Sidewalks, Street Lights
Other Property Info
- Seller Licensed Real Estate Professional
- Annual Tax Amount: 2024
- Source Listing Status: Active
- County: Wake
- Directions: From the intersection of Tryon Road and Trailwood Dr, Turn left onto Trailwood Dr, then Left onto Wolftech Lane. Turn left on Pardue Wood Pl and the condo will be on the left.
- Tax Year: 2025
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: University Woods
- Parcel Number: 0782978648
- Subdivision: University Woods
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 1131
- Year Built: 2002
- Above Grade Finished Area: 1131
- Above Grade Finished Area Source: Appraiser
- BelowGradeFinishedArea: 0
- Building Area Total: 1131
- Common Walls: 1 Common Wall
- Construction Materials: Vinyl Siding
- Foundation Details: Slab
- Levels: One
- Property Age: 23
- Property Condition: Updated/Remodeled
- Roof: Bituthene, Shingle
- Levels or Stories: One
- Structure Type: Multi Family
- Total Above Grade Sqft Area: 1131
- Total Area Sqft: 1131
- Architectural Style: Georgian
Utilities
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Phone Available
- Sewer Connected
- Water Connected
- Water Source: Public
