North Carolina
Raleigh
1911 Wolftech Lane 204

$282,500

1911 Wolftech Lane 204, Raleigh, NC 27603

4 beds |
4 baths |
1,391 sqft

Condominium
Built in 2002
—— sqft lot
—— car garage
$203/sqft
Listed 2 months ago

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!

Listing Status:: Active
Listing Office:: Alliance Properties of the Car : 919-274-2900
Listing Agent:: Mary Gibbs-Peed : 919-274-2900
MLS ID:: 10087336

General: Ceiling Fan(s)
Appliances: DryerDishwasherElectric RangeRefrigeratorRange HoodWater HeaterWasher
Laundry: In Unit
Flooring: CarpetLuxury VinylVinyl
A/C: Central AirCeiling Fan(s)Heat Pump
Heating: ElectricForced Air

This listing courtesy of Mary Gibbs-Peed, Alliance Properties of the Car

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Dillard Drive Elementary School

5018 Dillard Dr, Raleigh, NC, 27606

Grades PK-5

1.56 miles away

Centennial Campus Magnet Middle School

1900 Main Campus Dr, Raleigh, NC, 27606

Grades 6-8

0.60 miles away

Athens Drive Magnet High School

1420 Athens Dr, Raleigh, NC, 27606

Grades 9-12

1.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.