Active
1430 Collegiate Circle # 102
Raleigh NC, 27606
$285,000
$241.94 per sqft
Active
4 Beds
4 Baths
1,178 sqft
Condos
Built in 1999
Listing courtesy of Berkshire Hathaway HomeService
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.
10077089
MLSⓇ ID
February 17, 2025
Listed
February 20, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Ceiling Fan(s), Walk-In Closet(s)
Appliances
Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Water Heater
Laundry Description
In Unit
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Architectural Style
Traditional
Roof
Shingle
Sewer
Public Sewer
Patio And Porch
Covered, Patio
School Information
High School
Wake County Schools
Elementary School
Wake County Schools
Other Property Details
Taxes
$2,368
Tax Frequency
Annually
Days on Market
2
Association Fee
$202
Association Fee Frequency
Monthly
Association Amenities
Maintenance Grounds, Maintenance Structure, Trash, Water
Garage
No
Parking
Common, Parking Lot
View
Yes
County
Wake
Water Source
Public
Pool
No
Pool Features
Swimming Pool Com/Fee
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed by Naama Shaked, , Berkshire Hathaway HomeService
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Data last updated 1:17 AM UTC, 2/20/2025