1241 University Court #204 Active Save Request In-Person Tour Request Virtual Tour
Raleigh,NC 27606
Key Details
Property Type Single Family Home, Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,165 sqft
Price per Sqft $254
Subdivision University Commons Lake Pk
MLS Listing ID 10129562
Style Site Built
Bedrooms 4
Full Baths 4
Year Built 1997
Annual Tax Amount $2,336
Property Sub-Type Condominium
Property Description
NCSU PARENTS & STUDENTS & INVESTORS!
Excellent income-producing property at University Commons - Lake Park! This spacious 4-bedroom, 4-bath condo features four private en suite units, each with its own full bath and walk-in closet — ideal for generating strong, steady rental income. Shared spaces include a comfortable living room, fully equipped kitchen, washer/dryer, and private balcony with outdoor storage.
Currently, one bedroom is leased at $800 per month through December 29, 2025, with electricity, water/sewer, and internet included (paid by landlord). The remaining three bedrooms are vacant and ready to rent, offering excellent upside potential. When fully occupied, the property's income potential $3,200/month.
Located within walking distance to Lake Johnson, walking trails, and NC State University, with easy access to the WolfLine bus route, downtown Raleigh, and I-40. Community amenities include a pool, volleyball court, and basketball court.
Please note: property is tenant-occupied, please note a 24-hour notice required for showings.
An outstanding opportunity to own a turnkey, income-producing property or a perfect setup for NCSU students seeking private suites with shared living comfort.
Location
State NC
County Wake
Rooms
Other Rooms
• Primary Bedroom (Main)
• Bedroom 2 (Main)
• Bedroom 3 (Main)
• Bedroom 3 (Main)
• Kitchen (Main)
• Laundry (Main)
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Central Air
Flooring Vinyl
Laundry Laundry Closet
Exterior
Pool Community
View Y/N Yes
Roof Type Shingle
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake - Combs
Middle Schools Wake - Centennial Campus
High Schools Wake - Athens Dr
Others
Special Listing Condition Trust