NC
Wake
Raleigh
27606
1241 University Court 204
1241 University Court 204, Raleigh, NC 27606
Share Listing
Listing Type
Condo/Townhome
Listing Status
active
34
$297,000

Home Details for 1241 University Court 204

Price
$297,000
Type
Residential
Bedrooms
4
Bathrooms
4.0
Square feet
1165
Year built
1997
County
Wake
Total rooms
11
Garage
Days on site
10
MLS Listing#
10129562
Hoa
202.4
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.

Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
  • Heating Information
    • Forced Air
  • Water Features
    • Public
  • House Interior
    • Walk-In Closet(s)
  • Parking
    • Open
School Information
School Information for 1241 University Court 204, Raleigh, NC 27606
Elementary School
Wake - Combs
Middle School
Wake - Centennial Campus
High School
Wake - Athens Dr
Listing Courtesy: Raleigh Realty Inc. - 919-249-8536
Triangle MLS logo Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
Last Updated: 2025-10-24 11:01:34
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EXIT REALTY TRIANGLE
8601 Six Forks Road, Suite 400, Raleigh, NC 27615
Mikaela Rojas
License #: 315723
Franchisee
Office
919 706 7778
Agent
919 999 2568
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