USANCRaleighUniversity Commons Lake Pk1221 University Ct
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$283,000

Apt-304 - 1221 University Ct, Raleigh, NC

Real Estate

For Sale

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440
  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential Income
Size 1219 sqft
Garage No
HOA Fees $205
Taxes $2,337
Days Active 2
Approx. Age 1997
Avg. Price Per Sqft $232
MLS® Number 10120119

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

INVESTORS! 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!Show Description
MLS® Number10120119
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelIn Unit
Exposure
Exterior
GarageNo
Approx. Age1997
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric, Forced Air, Heat Pump
A/CCentral Air, Heat Pump
Heating Fuel

Extras

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