Under contract

3000 Centennial Woods Dr 204, Raleigh, NC 27603

Beds
4
Baths
4
Sqft
1,378

View property features, location on map, relevant school information and overview from seller's agent.

Listed byAshton Woods Homes
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Overview

**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

Full feature list

Basic info

Property type
Condo/Co-op
Number of stories
1
Number of bedrooms
4
Number of bathrooms
4
Square feet
1,378
Year built
2000

Utilities

Heating
None, Heat Pump, Central
Cooling
Central Air, Ceiling Fans, Heat Pump
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

HOA Fees
$281

Taxes

Tax Annual Amount (2025)
$2,387.05

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Triangle MLS MLS®#: 10151367 Last checked:

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