3000 Centennial Woods Drive
Raleigh, NC 27603Seller offering $5,000 buyer concession - use it toward closing costs, interest rate buy-down, or updates of your choice! Investor opportunity! Income-producing 4 bedroom, 4 full bath second-floor condo designed for shared living. Each bedroom includes a private bathroom with a shared kitchen and living area, offering both privacy and functional common space. Currently occupied with three tenants in place, with two tenants already leased through July 2027. Current rents are $550 per room per month, increasing to $580 per room starting in August. When fully occupied, the unit offers strong income potential under the room-rental model. Recent improvements include a new roof installed by the HOA in 2025 and a water heater replaced in November 2024. Heat pump installed in 2016. Property is professionally managed by Preiss Management. Ideal for investors seeking steady rental income or buyers looking to occupy one bedroom while renting the remaining rooms.Fridge/washer/dryer convey with unit.Close to Meredith College, NCSU, Centennial Campus, downtown Raleigh, highways, shopping and only 15 minutes to RDU airport. Perfect location!
$274,900
4 bedrooms
4 full bathrooms
1,391 square feet
$198 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Vinyl Siding
- Parking Features Parking Lot
- Structure Type Site Built, Other
- Above Grade Finished Area 1,391
- Cooling Ceiling Fan(s), Central Air, Heat Pump
- Cooling Y/N Yes
- Flooring Carpet, Vinyl
- Heating Central, Heat Pump
- Heating Y/N Yes
- Association Fee Frequency Monthly
- Association Fee Includes Electricity, Maintenance Grounds, Maintenance Structure, Security, Sewer, Snow Removal, Trash, Water
- Association Y/N Yes
- Tax Annual Amount 2387.05
- Water Source Public
- Year Built 2000
Additional Property Information
- TypeCondominium
- Built2000
- NeighborhoodUniv Woods at Centennial
- CountyWake
- AreaRaleigh
- Elementary School
- Middle School
- High School
Listing courtesy of Century 21 New Beginnings. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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