Great Investment Opportunity! 3rd Floor Unit Condo in fantastic Raleigh location with 4 bedrooms and 4 individual private full baths. Floor plan features common area living, kitchen and dining space, laundry and balcony with storage. Tenants currently in place with monthly rental income of $1910. One lease month to month, 2nd- 04/30 and 3rd & 4th-05/31. Newer AC and water heater (2020). Low maintenance flooring with no carpet to replace. Fabulous location close to NC State (on the Wolf Line), Meredith College, downtown Raleigh and major highways. Walk to Lake Johnson. The Lake park community includes a pool, volleyball and basketball courts, grilling areas and so much more!
Sold for $260,000 on 11/15/22
$260,000
1221 University Ct APT 302, Raleigh, NC 27606
4beds
1,219sqft
Condominium, Residential
Built in 1997
-- sqft lot
$264,300 Zestimate®
$213/sqft
$1,768 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 27, 2025 at 07:48pm
Listed by:
Rhonda Benkiel 919-609-8333,
The NC Real Estate Firm, LLC
Bought with:
Natarsha McAllister, 285608
Costello Real Estate & Investm
Source: Doorify MLS,MLS#: 2480509
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Entrance Foyer, Storage
- Flooring: Hardwood, Laminate, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,219
- Total interior livable area: 1,219 sqft
- Finished area above ground: 1,219
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Porch
- Has view: Yes
Details
- Parcel number: 0783823950009
- Zoning: R-10
Construction
Type & style
- Home type: Condo
- Architectural style: Transitional
- Property subtype: Condominium, Residential
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: Raleigh
- Subdivision: Lakepark Condos
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $184 monthly
- Amenities included: Pool
- Services included: Maintenance Structure, Trash
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Estimated market value
$264,300