About 1221 University Court 304
INVESTORS! NCSU PARENTS AND STUDENTS! Prime Investment Opportunity at University Commons - Lake Park. This 4 Bedroom+ 4 Bathroom condo is an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2026, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet. There is a shared living area, kitchen, washer/dryer as well as a porch and additional storage outside. Three bedrooms are currently leased through 7/31/26 at $625, $600, $600/month each (Potential total income of $2,400/month when fully occupied and upwards of $3200 depending on choice of management and upgrades). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced March 2024, HVAC/Heat Pump replaced 2015, Roof replaced 2014. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU). Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh and I-40. Community Amenities include Pool, Volleyball and Basketball courts. Please note that there are 3 tenants in the condo so access will be limited and at least 24hr notice is required. Enjoy!
Features of 1221 University Court 304
| MLS® # | 10120119 |
|---|---|
| Price | $283,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 1,219 |
| Year Built | 1997 |
| Type | Residential Income |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 1221 University Court 304 |
|---|---|
| Subdivision | University Commons Lake Pk |
| City | Raleigh |
| County | Wake |
| State | NC |
| Zip Code | 27606-4649 |
Amenities
| Utilities | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Common, Parking Lot, Unassigned |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Outdoor Pool, See Remarks |
Interior
| Appliances | Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer |
|---|---|
| Heating | Electric, Forced Air, Heat Pump |
| Cooling | Central Air, Heat Pump |
| Fireplace | No |
| Stories | One |
| Has Basement | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Vinyl Siding |
| Foundation | Slab |
School Information
| Elementary | Wake County Schools |
|---|---|
| Middle | Wake County Schools |
| High | Wake County Schools |
Additional Information
| Date Listed | September 5th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 205.35 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Dwell Raleigh Real Estate |
|---|