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1221 University Court #304Raleigh, NC 27606

  • Residential Income
  • $283,000
  • 1,219 SQFT

INVESTORS! NCSU PARENTS AND STUDENTS! Prime Investment Opportunity at University Commons - Lake Park. This 4 Bedroom+ 4 Bathroom condo is an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2026, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet. There is a shared living area, kitchen, washer/dryer as well as a porch and additional storage outside. Three bedrooms are currently leased through 7/31/26 at $625, $600, $600/month each (Potential total income of $2,400/month when fully occupied and upwards of $3200 depending on choice of management and upgrades). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced March 2024, HVAC/Heat Pump replaced 2015, Roof replaced 2014. 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. Please note that there are 3 tenants in the condo so access will be limited and at least 24hr notice is required. Enjoy!

Last Checked
1 minute ago
Last Updated
Sep 05, 2025
Days on Website
91

Property Details for 1221 University Court #304

1221 University Court #304 is a residential_income commercial space for sale in Raleigh, NC 27606.

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Kristina Nieshalla

Dwell Raleigh Real Estate

919-696-9622

Please contact Kristina Nieshalla at Dwell Raleigh Real Estate direct by phone at 919-696-9622. You may also reach Dwell Raleigh Real Estate by phone at 919-696-9622.

Listing Provider for 1221 University Court #304

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Kristina Nieshalla
Agent Phone Number:
919-696-9622
Office:
Dwell Raleigh Real Estate
Office Phone Number:
919-696-9622
MLS ID:
10120119
Data Source:
Triangle MLS
Last Checked:
1 minute ago
Last Updated:
September 5, 2025 4:15 PM UTC
Days on Site:
91
Triangle MLS