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,… Read More 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. Read Less
Courtesy of Raleigh Realty Inc., Cheryl Perry, 919-249-8536.
Building Area Total: 1165, Building Area Units: Square Feet, Construction Materials: "Vinyl Siding", Living Area Units: Square Feet, Living Area: 1165, Structure Type: "Site Built", Year Built: 1997
Cooling
Cooling: "Ceiling Fan(s)", "Central Air", Cooling Included
Exterior Features
Patio And Porch Features: "Deck"
Floors
Flooring: "Vinyl"
Heating
Heating: "Forced Air", Heating Included
Home Owner's Association
Association Fee: $202, Association Amenities: "Basketball Court", "Pool", Association Fee Frequency: Monthly, Association Available
Interior Features
Interior Features: "Walk-In Closet(s)"
Laundry
Features: "Laundry Closet"
Lot
Parcel Number: 0783823950
Parking
Parking Features: Open, Open Parking
Pool
Pool Features: "Community"
Property
Property Sub Type: Condominium
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Tax Annual Amount: 2336.9
Utilities
Water Source: "Public"
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