1911 Wolftech Lane #204 Active Save Request In-Person Tour Request Virtual Tour
Raleigh,NC 27603
Key Details
Property Type Single Family Home, Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,391 sqft
Price per Sqft $203
Subdivision University Woods
MLS Listing ID 10087336
Style Multi Family,Site Built
Bedrooms 4
Full Baths 4
HOA Fees $258/mo
Year Built 2002
Annual Tax Amount $2,425
Property Sub-Type Condominium
Property Description
Attention investors! A rarely seen discount on one of the most popular investment properties in Raleigh. Guaranteed full market rent ($600/month) through the end of all 4 current leases PLUS one additional month to cover vacancy loss, if there is any. Must be able to close by May 20th to qualify. Total of $2400 rental income per month! Ask me how! Come see one of the most convenient and one of the least expensive ways for your renters to live near NCSU campus (11 minutes) and downtown (12 minutes). This ''shared living'' condo is popular with students and professionals alike and will stay occupied whether you are looking for long term stable income or maximum profit. Shared areas are the kitchen, living room, sunroom and in-unit laundry which includes full size washer (replaced in 2020) and dryer (replaced in 2023). HVAC replaced in 2019. The four bedrooms are located in the 4 corners of the condo separated by 4 private full baths, creating maximum noise reduction. Common areas have durable, low maintenance, luxury, vinyl plank flooring, window blinds, electric stove, refrigerator dishwasher, exhaust fan and washer/dryer. Three long term renters are in place with the earliest lease ending date in August. One of the 4 renters has given notice and is moving out in May. All were subjected to a rigorous approval process including income verification, rental references credit and background checks. Current market rates are $600 per room. The common areas are freshly painted; the kitchen cabinets have been painted a trendy charcoal gray. This building is uniquely located on its own street surrounded by trees. This one won't last! Come, visit and bring all offers! You'll be glad you did!
Location
State NC
County Wake
Community Curbs,Sidewalks,Street Lights
Interior
Heating Electric,Forced Air
Cooling Ceiling Fan(s),Central Air,Heat Pump
Flooring Carpet,Vinyl
Laundry In Unit
Exterior
Community Features Curbs,Sidewalks,Street Lights
Utilities Available Cable Available,Electricity Connected,Water Connected
View Y/N Yes
Roof Type Asphalt
Building
Lot Description Hardwood Trees,Landscaped,Level,Many Trees,Wooded
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake - Swift Creek
Middle Schools Wake - Dillard
High Schools Wake - Athens Dr
Others
Special Listing Condition Standard