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1241 University Court #204 Raleigh, NC 27606
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Key Details
Sold Price $261,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,165 sqft
Price per Sqft $224
Subdivision University Commons Lake Pk
MLS Listing ID 10129562
Sold Date 12/23/25
Style Site Built
Bedrooms 4
Full Baths 4
HOA Y/N Yes
Abv Grd Liv Area 1,165
Year Built 1997
Annual Tax Amount $2,336
Property Sub-Type Condominium
Source Triangle MLS
Property Description
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, 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.
Location
State NC
County Wake
Direction Avent Ferry Road to Lake Dam Road. Left on Crab Orchard Drive, then left on University Court. Unit is on the second floor.
Rooms
Other Rooms • Primary Bedroom (Main)
• Bedroom 2 (Main)
• Bedroom 3 (Main)
• Bedroom 3 (Main)
• Kitchen (Main)
• Laundry (Main)
Primary Bedroom Level Main
Interior
Interior Features Walk-In Closet(s)
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Flooring Vinyl
Fireplace No
Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
Laundry Laundry Closet
Exterior
Pool Community
View Y/N Yes
Roof Type Shingle
Porch Deck
Garage No
Private Pool No
Building
Faces Avent Ferry Road to Lake Dam Road. Left on Crab Orchard Drive, then left on University Court. Unit is on the second floor.
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake - Combs
Middle Schools Wake - Centennial Campus
High Schools Wake - Athens Dr
Others
HOA Fee Include Maintenance Grounds
Senior Community No
Tax ID 0783823950
Special Listing Condition Trust
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