1140 Carlton Avenue #201
Raleigh, NC 27606
1287 sqft | 4 beds | 4 baths | #10087509
Description
Investor Special! Whether you're starting your rental portfolio, looking for passive income, or want a cost-effective housing option for a student at NC State, this is your opportunity. This second-floor, one-level 4-bedroom, 4-bathroom condo offers flexibility for both investors and owner-occupants. Live in one room, lease the other three, or rent out all four for maximum return. The unit is currently leased through July 23, 2026, with four individual residential lease agreements in place. It generates $1,975/month in rental income, with tenants responsible for their own utilities, water and electricity are covered by the HOA. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.
Property Details
- CoolingCentral Air, Heat Pump
- HeatingForced Air, Heat Pump
- Elementary SchoolWake County Schools
- Middle SchoolWake County Schools
- High SchoolWake County Schools
- SubdivisionUniversity Oaks
- Sewer InformationPublic Sewer
- StyleTraditional
- Property SubtypeCondominium
- Property TypePurchase
- MLS #10087509
- MLS #10087509
- RoofShingle
- Utility SourcePublic
- Taxes Annual$2,226
- Cost285000
- Square Feet1287
- Year Built1999
- CountyWake
- Hoa Fees300
- Bedrooms4
- Bathrooms4
- Full Baths4
- Stories1
- Hoa1
Location
Legal
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Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: Dona Aguayo (#D29833)
Listing Office: Keller Williams Elite Realty (#74402)
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