REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Eric Andrews

eric@ericandrewsrealtor.com +1(919) 542-0523

Listed by Century 21 New Beginnings

$ 265,000

Est. payment -/mo

Save

Price Dropped by $9K

3000 Centennial Woods Drive #204 Raleigh, NC 27603

4 Beds

4 Baths

1,391 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,391 sqft

Price per Sqft $190

Subdivision Univ Woods At Centennial

MLS Listing ID 10151367

Style Site Built,Other

Bedrooms 4

Full Baths 4

HOA Y/N Yes

Abv Grd Liv Area 1,391

Year Built 2000

Annual Tax Amount $2,387

Property Sub-Type Condominium

Source Triangle MLS

Property Description

**Cash Flow Day One | 4BR/4BA Income-Producing Condo Near NC State** Investors, this one is already working for you before you even close. Four bedrooms, four private baths, three tenants in place, two leases running through July 2027, and current rents at $550 per room moving to $580 in August — that's $2,320 per month at full occupancy with upside still on the table. The room-by-room rental model is one of the strongest income strategies in college markets and this unit is already set up and running. Seller is offering a **$5,000 buyer concession** — use it to buy down your rate, cover closing costs, or put it toward updates. Your call. The heavy lifting has already been done for you. New roof installed by the HOA in 2025. Water heater replaced November 2024. Fresh paint throughout. Heat pump 2016. This is not a fixer — it's a move-in ready income property in one of the most reliable rental markets in North Carolina. Currently professionally managed by Preiss Company, one of the most respected student housing management firms in the region, giving you a completely hands-off ownership experience from day one. Fridge, washer, and dryer all convey. Perfectly positioned near NC State, Meredith College, Centennial Campus, downtown Raleigh, major highways, shopping, and just 15 minutes to RDU. Demand for housing in this corridor does not slow down. Buyers not required to retain current tenants. For owner-occupant or parent buyers, Preiss Company can assist current tenants in relocating within their managed portfolio — making this just as flexible for personal use as it is for pure investment. **$5,000 toward your closing. Tenants already in place. Income from day one. This is the one!

Location

State NC

County Wake

Interior

Heating Central, Heat Pump

Cooling Ceiling Fan(s), Central Air, Heat Pump

Flooring Carpet, Vinyl

Exterior

View Y/N Yes

Roof Type Shingle

Private Pool No

Building

Story 1

Foundation Permanent, Slab

Sewer Public Sewer

Water Public

Level or Stories 1

Structure Type Vinyl Siding

New Construction No

Others

HOA Fee Include Electricity,Maintenance Grounds,Maintenance Structure,Security,Sewer,Snow Removal,Trash,Water

Senior Community No

Tax ID 079205077812044 0276248

Special Listing Condition Standard

GET MORE INFORMATION

Eric Andrews

Principal Broker | License ID: 177746

+1(919) 542-0523

eric@ericandrewsrealtor.com

Eric Andrews

3000 Centennial Woods Drive #204 Raleigh, NC 27603

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

3000 Centennial Woods Drive #204