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Description Open House Details Location Market Trends Schools Recent Sales
$282,500 Est. $1,040 / mo.*

1911 Wolftech Lane Unit 204 Raleigh , NC 27603

Courtesy of Alliance Properties of the Car, Mary Gibbs-Peed.

Description

4 Beds
4 Baths
1,391 Sqft
Status: Active
Property Type: Condominium
Year Built: 2002
Neighborhood: University Woods
Days on Website: 70
Attention investors! A rarely seen discount on one of the most popular investment properties in Raleigh. Two rooms vacant and currently being rehabbed for rent. Guaranteed full market rent ($600/month) through the end of the other 2 leases PLUS one additional month on all 4 rooms to cover potential vacancy loss, if there is any. 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 plus one bedroom have durable, low maintenance, luxury, vinyl plank flooring, window blinds, electric stove, refrigerator dishwasher, exhaust fan and washer/dryer. Two long term renters are in place with the earliest lease ending date in Sept. 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!

Open House

Property Details and Features

Property Access
Road Frontage Type:
"City Street"
Road Surface Type:
"Asphalt"
Appliances & Equipment
Appliances:
"Dishwasher", "Dryer", "Electric Range", "Range Hood", "Refrigerator", "Washer/Dryer", "Water Heater"
Bathrooms
4 full bathrooms
4 total bathrooms
4 total bathrooms
[+] Read More

Contact an Agent

919 380 8066

Location

$282,500 -
1911 Wolftech Lane Unit 204 Raleigh , NC 27603
Subdivision Name: University Woods

Street View

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