Marie Burrell

Broker | License ID: 295711

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Listed by Century 21 New Beginnings

$ 245,000

$ 265,000 7.5%

Est. payment | -/mo

4 Beds

4 Baths

1,378 SqFt

$ 245,000

$ 265,000 7.5%

Est. payment | -/mo

4 Beds

4 Baths

1,378 SqFt

Key Details

Sold Price $245,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,378 sqft

Price per Sqft $177

Subdivision Univ Woods At Centennial

MLS Listing ID 10151367

Sold Date 08/24/26

Bedrooms 4

Full Baths 4

HOA Fees $280/mo

HOA Y/N Yes

Year Built 2000

Annual Tax Amount $2,387

Property Sub-Type Condominium

Source Doorify MLS

Land Area 1378

Property Description

**Cash Flow Day One | 4BR/4BA Income-Producing Condo Near NC State** Investors, this one is already working for you before you even close. Four bedrooms, four private baths, three tenants in place, two leases running through July 2027, and current rents at $550 per room moving to $580 in August — that's $2,320 per month at full occupancy with upside still on the table. The room-by-room rental model is one of the strongest income strategies in college markets and this unit is already set up and running. Seller is offering a **$5,000 buyer concession** — use it to buy down your rate, cover closing costs, or put it toward updates. Your call. The heavy lifting has already been done for you. New roof installed by the HOA in 2025. Water heater replaced November 2024. Fresh paint throughout. Heat pump 2016. This is not a fixer — it's a move-in ready income property in one of the most reliable rental markets in North Carolina. Currently professionally managed by Preiss Company, one of the most respected student housing management firms in the region, giving you a completely hands-off ownership experience from day one. Fridge, washer, and dryer all convey. Perfectly positioned near NC State, Meredith College, Centennial Campus, downtown Raleigh, major highways, shopping, and just 15 minutes to RDU. Demand for housing in this corridor does not slow down. Buyers not required to retain current tenants. For owner-occupant or parent buyers, Preiss Company can assist current tenants in relocating within their managed portfolio — making this just as flexible for personal use as it is for pure investment. **$5,000 toward your closing. Tenants already in place. Income from day one. This is the one!

Location

State NC

County Wake

Community Univ Woods At Centennial

Interior

Cooling Ceiling Fan(s), Central Air, Heat Pump

Flooring Carpet, Vinyl

Fireplace No

Exterior

Parking Features Parking Lot

Roof Type Shingle

Garage No

Building

Story One

Foundation Permanent, Slab

Water Public

New Construction No

Others

Tax ID 079205077812044 0276248

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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