$265,000

3000 Centennial Woods Drive 204, Raleigh, NC 27603

4 beds |
4 baths |
1,391 sqft

Condominium
Built in 2000
—— sqft lot
—— car garage
$191/sqft
Listed 3 months ago

Property Description

Buy for Your Student, Let Roommates Help Pay the Mortgage.NC State Parent Opportunity | 4BR/4BA with Private Baths. Seller offering $5,000 buyer concession - use it toward closing costs, interest rate buy-down, or updates of your choice! Ideal for NC State parents seeking housing for their student. Each bedroom features a private bath with a shared kitchen and living area, offering both privacy and functional common space and allowing roommates to contribute toward ownership costs while maintaining privacy. Second-floor condo. Current rents are $550 per room per month, increasing to $580 per room starting in August. When fully occupied, the unit offers strong income potential under the room-rental model. Recent improvements include a new roof installed by the HOA in 2025 and a water heater replaced in November 2024. Heat pump installed in 2016. Fresh paint. Professionally managed by Preiss Company, allowing parents and investors to enjoy a hands-off ownership experience. Fridge/washer/dryer convey with unit.Close to Meredith College, NCSU, Centennial Campus, downtown Raleigh, highways, shopping and only 15 minutes to RDU airport. Perfect location! Currently occupied with three tenants in place, with two tenants already leased through July 2027. Buyers are not required to retain the current tenants. For those purchasing the property for personal use or for an NCSU student and friends, Preiss Company can work with the current tenants to find alternative housing within their managed properties.

Listing Status:: Active
Data Last Updated:: June 17, 2026 at 7:18AM
Listing Office:: Century 21 New Beginnings : 919-494-1283
Listing Agent:: Ellisha Mayers : 252-560-0585
MLS ID:: 10151367

Flooring: CarpetVinyl
A/C: Central AirCeiling Fan(s)Heat Pump
Heating: CentralHeat Pump

Style: Contemporary
Parking: Parking Lot

Roofing: Shingle
General: Vinyl Siding1PermanentSlab

HOA Amenities: ElectricityMaintenance GroundsMaintenance StructureSewerSnow RemovalSecurityTrashWaterMonthly
Originating MLS: AMLSNC_TRIANGLE
County: Wake

Zoning: Univ Woods @ Centennial Bld3000 Un204079205077812044 0276248

Water: Public
Sewer: Public Sewer

Source: AMLSNC_TRIANGLE

This listing courtesy of Ellisha Mayers , Century 21 New Beginnings

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.