1430 Collegiate Circle #102 Active Save Request In-Person Tour Request Virtual Tour
Raleigh,NC 27606
Key Details
Property Type Single Family Home, Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,178 sqft
Price per Sqft $236
Subdivision University Commons Lake Pk
MLS Listing ID 10077089
Bedrooms 4
Full Baths 4
HOA Fees $202/mo
Year Built 1999
Annual Tax Amount $2,367
Property Sub-Type Condominium
Property Description
Investor alert! Prime Investment Opportunity - 4 Bed/4 Bath Condo Near NCSU! This first-floor 4-bedroom, 4-bathroom condo offers an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2025, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet, making it highly desirable for tenants. Three bedrooms leased at $600/month each (Potential total income of $2,400/month when fully occupied). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced in December 2021, HVAC installed in 2018. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU) Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh and I-40. Community Amenities include Pool Volleyball and basketball courts.
Location
State NC
County Wake
Community Pool,Sidewalks,Tennis Court(S)
Interior
Heating Central
Cooling Ceiling Fan(s),Central Air
Flooring Carpet,Vinyl
Laundry In Unit
Exterior
Pool Swimming Pool Com/Fee
Community Features Pool,Sidewalks,Tennis Court(s)
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake County Schools
Middle Schools Wake County Schools
High Schools Wake County Schools
Others
Special Listing Condition Standard