Buy for Your Student, Let Roommates Help Pay the Mortgage.NC State Parent Opportunity | 4BR/4BA with Private Baths. Seller offering $5,000 buyer concession - use it toward closing costs, interest rate buy-down, or updates of your choice! Ideal for NC State parents seeking housing for their student. Each bedroom features a private bath with a shared kitchen and living area, offering both privacy and functional common space and allowing roommates to contribute toward ownership costs while maintaining privacy. Second-floor condo. Current rents are $550 per room per month, increasing to $580 per room starting in August. When fully occupied, the unit offers strong income potential under the room-rental model. Recent improvements include a new roof installed by the HOA in 2025 and a water heater replaced in November 2024. Heat pump installed in 2016. Fresh paint. Professionally managed by Preiss Company, allowing parents and investors to enjoy a hands-off ownership experience. Fridge/washer/dryer convey with unit.Close to Meredith College, NCSU, Centennial Campus, downtown Raleigh, highways, shopping and only 15 minutes to RDU airport. Perfect location! Currently occupied with three tenants in place, with two tenants already leased through July 2027. Buyers are not required to retain the current tenants. For those purchasing the property for personal use or for an NCSU student and friends, Preiss Company can work with the current tenants to find alternative housing within their managed properties.
Listed by Ellisha Mayers, Century 21 New Beginnings.
