Excellent opportunity to own a low-maintenance, income-producing 2BR/2.5BA condo just minutes from NC State University. Located in a quiet section of the neighborhood, within walking distance of campus, this property sits in a proven rental corridor with consistent demand from students, faculty, and young professionals year-round.
The functional floor plan with no carpet and tons of storage, features two spacious bedrooms, each with private en-suite baths, offering ideal privacy for roommates. These townhomes often rent to 4 sharing students because of the size of the bedrooms. Fresh interior paint, and included refrigerator, washer/dryer make this unit truly turnkey. Layout of washer and dryer can be converted to separate units as there is a dryer vent behind a kitchen cabinet). Enjoy outdoor living in the private fenced patio with additional exterior storage and a covered front entry.
Major systems have been updated for peace of mind -- Roof (2021) and HVAC (2018). Condo living keeps exterior maintenance minimal and expenses predictable, making this property well-suited for buy-and-hold investors, portfolio additions, first-time investors, or a potential 1031 exchange.
With easy access to I-40, I-440, Downtown Raleigh, PNC Arena, State Fairgrounds, shopping, and dining, the location supports strong occupancy and long-term rental stability. Please note: exterior storage door and concrete pad at dumpster scheduled in budget to be replaced.
