1221 University Court
Raleigh, NC 27606INVESTORS! NCSU PARENTS AND STUDENTS! Prime Investment Opportunity at University Commons - Lake Park. This 4 Bedroom+ 4 Bathroom condo is an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2026, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet. There is a shared living area, kitchen, washer/dryer as well as a porch and additional storage outside. Three bedrooms are currently leased through 7/31/26 at $625, $600, $600/month each (Potential total income of $2,400/month when fully occupied and upwards of $3200 depending on choice of management and upgrades). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced March 2024, HVAC/Heat Pump replaced 2015, Roof replaced 2014. 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. Please note that there are 3 tenants in the condo so access will be limited and at least 24hr notice is required. Enjoy!
$283,000
4 bedrooms
4 full bathrooms
1,219 square feet
$232 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Vinyl Siding
- Parking Features Common, Parking Lot, Unassigned
- Pool Features See Remarks, Outdoor Pool
- Structure Type Other
- Above Grade Finished Area 1,219
- Appliances Dishwasher, Electric Range, Refrigerator, Washer/Dryer, Electric Water Heater
- Cooling Heat Pump, Central Air
- Cooling Y/N Yes
- Flooring Carpet
- Heating Heat Pump, Forced Air, Electric
- Heating Y/N Yes
- Laundry Features In Unit
- Association Amenities Sport Court, Pool, Basketball Court, Clubhouse, Tennis Court(s)
- Association Fee Frequency Monthly
- Association Fee Includes Pest Control, Road Maintenance, Storm Water Maintenance, Maintenance Grounds, Maintenance Structure, Trash
- Association Y/N Yes
- Community Features Sidewalks, Pool, Tennis Court(s)
- Tax Annual Amount 2336.99
- Water Source Public
- Year Built 1997
Additional Property Information
- TypeCondominium
- Built1997
- NeighborhoodUniversity Commons Lake Pk
- CountyWake
- AreaRaleigh
- Elementary SchoolWake County Schools
- Middle SchoolWake County Schools
- High SchoolWake County Schools
Listing courtesy of Dwell Raleigh Real Estate. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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