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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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3000 Centennial Woods Dr Unit 204 , Raleigh, NC 27603
$265,000
Est. Payment: $1,365.60/mo
4 Bed
4 Bath
1378 Sqft
Status: pending | Days on site: 134
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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!

Highlights

Listed by Ellisha Mayers , 252-560-0585 Century 21 New Beginnings , 919-494-1283. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

HOA Fee

280.83 Monthly

Year Built

2000

County

Wake

Neighborhood

Univ Woods at Centennial

Listing ID

10151367

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:4
Air Cond:Ceiling Fan(s),Central Air,Heat Pump
Fireplaces:
Floor:Carpet,Vinyl
Above Ground Sq Ft:1378
Below Ground Sq Ft:0
Other:Public

Exterior Features

Roof:Shingle
Sewer:Public Sewer
Parking Features:Parking Lot
Principal Interest
$1,366
Taxes
$199
HOA
$281

Home Price

$265,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$53,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,365.60

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,365.60 $198.92 $280.83 $1,845.35
Yearly $16,387.19 $2,387.05 $3,369.96 $22,144.20
Total $491,615.84 $71,611.50 $101,098.80 $664,326.14

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-02T03:27:34.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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