1430 Collegiate Circle Unit 102
Raleigh, NC 27606
- 4 beds
- 4 baths
- 1,178 sqft
- $241 per sqft
- 1999 build
- – on site
Investor alert! Prime Investment Opportunity - 4 Bed/4 Bath Condo Near NCSU! This first-floor 4-bedroom, 4-bathroom condo offers an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2025, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet, making it highly desirable for tenants. Three bedrooms leased at $600/month each (Potential total income of $2,400/month when fully occupied). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced in December 2021, HVAC installed in 2018. 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.
Last checked:
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Checking…
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Last updated Feb 20, 2025
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MLS# 10077089 —
The Building
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Year Built:1999
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Traditional
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Roof:Shingle
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Foundation Details:Slab
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Levels:One
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Basement:false
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Patio And Porch Features:Covered
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Building Area Total:1178
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Building Area Units:Square Feet
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Above Grade Finished Area:1178
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
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Unit Number:102
Interior
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Rooms Total:6
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Interior Features:Ceiling Fan(s)
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Flooring:Carpet
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Laundry Features:In Unit
Room Dimensions
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Living Area:1178
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Living Area Units:Square Feet
Financial & Terms
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Lease Term:12 Months
Location
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Directions:I-40 West to Gorman Street, Right on Gorman, left on Avent Ferry, left on Crab Orchard, left on Collegiate
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Latitude:35.761935
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Longitude:-78.700841
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Coordinates:-78.700841, 35.761935
The Property
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Property Type:Residential
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Property Subtype:Condominium
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Parcel Number:102
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (919) 670-6380
- Office phone:
- (919) 859-3300
Taxes
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Tax Annual Amount:2367.66
Beds
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Bedrooms Total:4
Baths
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Total Baths:4
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Total Baths:4
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Total Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Wake County Schools
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Middle Or Junior School:Wake County Schools
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High School:Wake County Schools
The Community
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Subdivision Name:University Commons Lake Pk
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Community Features:Pool
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Association Amenities:Pool
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Association:true
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Association Fee:202.4
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Association Fee Includes:Maintenance Grounds
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Association Fee Frequency:Monthly
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Pool Features:Swimming Pool Com/Fee
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Pool Private:false
Parking
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Garage:false
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Attached Garage:false
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Parking Features:Common
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Open Parking:true
Monthly cost estimate
Asking price
$285,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,526
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| Taxes | $197 |
| Insurance | $78 |
| HOA fees | $202 |
| Utilities | $132 See report |
| Total | $2,135/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/18/25
Feb 18, 2025
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Listed / Active | DMLS | $285,000 | 26.7% (7.2% / YR) |
|
6/7/21
Jun 7, 2021
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DMLS | $225,000 |
