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

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