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1241 University Court

Raleigh, NC 27606
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34 images $297,000 View home

University Commons Lake Pk

1241 University Court # 204, Raleigh NC 27606

4 bd / 4 ba / 1,165 sqft

Status: Active, MLS #10129562 Courtesy of Raleigh Realty Inc..

1241 University Court

Raleigh, NC 27606
Active ID# 10129562

NCSU 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
  • 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
More Info on School Ratings

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