1430 Collegiate Circle #102 Raleigh, NC 27606 Sold on 07/22/2025

Listed by Berkshire Hathaway HomeService
Bought with Christina Valkanoff Realty Group

$272,000

$279,000 2.5%

4 Beds4 Baths1,178 SqFt

Key Details

Sold Price $272,0002.5%

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,178 sqft

Price per Sqft $230

Subdivision University Commons Lake Pk

MLS Listing ID 10077089

Sold Date 07/22/25

Bedrooms 4

Full Baths 4

HOA Fees $202/mo

HOA Y/N Yes

Abv Grd Liv Area 1,178

Year Built 1999

Annual Tax Amount $2,367

Property Sub-Type Condominium

Source Triangle MLS

Property Description

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.