1241 University Court
Raleigh, NC 27606NCSU PARENTS & STUDENTS & INVESTORS! Excellent income-producing property at University Commons - Lake Park! This spacious 4-bedroom, 4-bath condo features four private en suite units, each with its own full bath and walk-in closet — ideal for generating strong, steady rental income. Shared spaces include a comfortable living room, fully equipped kitchen, washer/dryer, and private balcony with outdoor storage. Currently, one bedroom is leased at $800 per month through December 29, 2025, with electricity, water/sewer, and internet included (paid by landlord). The remaining three bedrooms are vacant and ready to rent, offering excellent upside potential. When fully occupied, the property's income potential $3,200/month. Located within walking distance to Lake Johnson, walking trails, and NC State University, with easy access to the WolfLine bus route, downtown Raleigh, and I-40. Community amenities include a pool, volleyball court, and basketball court. Please note: property is tenant-occupied, please note a 24-hour notice required for showings. An outstanding opportunity to own a turnkey, income-producing property or a perfect setup for NCSU students seeking private suites with shared living comfort.
$297,000
4 bedrooms
4 full bathrooms
1,165 square feet
$255 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Vinyl Siding
- Parking Features Open
- Patio And Porch Features Deck
- Pool Features Community
- Structure Type Site Built
- Above Grade Finished Area 1,165
- Appliances Stainless Steel Appliance(s), Dishwasher, Microwave, Dryer, Electric Range, Washer, Refrigerator
- Cooling Central Air, Ceiling Fan(s)
- Cooling Y/N Yes
- Flooring Vinyl
- Heating Forced Air
- Heating Y/N Yes
- Interior Features Walk-In Closet(s)
- Laundry Features Laundry Closet
- Rooms Total 11
- Association Amenities Basketball Court, Pool
- Association Fee Frequency Monthly
- Association Fee Includes Maintenance Grounds
- Association Y/N Yes
- Tax Annual Amount 2336.9
- Water Source Public
- Year Built 1997
Additional Property Information
- TypeCondominium
- Built1997
- NeighborhoodUniversity Commons Lake Pk
- CountyWake
- AreaRaleigh
- Elementary SchoolWake - Combs
- Middle SchoolWake - Centennial Campus
- High SchoolWake - Athens Dr
Listing courtesy of Raleigh Realty Inc.. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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