Investor alert! Prime Investment Opportunity - 4 Bed/4 Bath Condo Near NCSU! This first-floor 4-bedroom, 4-bathroom condo offers an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2025, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet, making it highly desirable for tenants. Three bedrooms leased at $600/month each (Potential total income of $2,400/month when fully occupied). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced in December 2021, HVAC installed in 2018. 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.
For sale
Price cut: $6K (4/22)
$279,000
1430 Collegiate Cir APT 102, Raleigh, NC 27606
4beds
1,178sqft
Est.:
Condominium, Residential
Built in 1999
-- sqft lot
$274,400 Zestimate®
$237/sqft
$202/mo HOA
What's special
Walk-in closetPrivate en-suite bath
- 69 days
- on Zillow |
- 571 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 01:17pm
Listed by:
Naama Shaked 919-670-6380,
Berkshire Hathaway HomeService
Source: Doorify MLS,MLS#: 10077089

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Water Heater
- Laundry: In Unit
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,178
- Total interior livable area: 1,178 sqft
- Finished area above ground: 1,178
- Finished area below ground: 0
Property
Parking
- Parking features: Common, Parking Lot
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Pool features: Swimming Pool Com/Fee, Community
- Has view: Yes
Details
- Parcel number: 102
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Pool, Sidewalks, Tennis Court(s)
- Subdivision: University Commons Lake Pk
HOA
- Has HOA: Yes
- Amenities included: Pool, Tennis Court(s)
- Services included: Maintenance Grounds, Maintenance Structure, Trash, Water
- HOA fee: $202 monthly
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $270,312
- Annual tax amount: $2,367
- Date on market: 2/18/2025
- Lease term: 12 Months
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