3000 Centennial Woods Drive 204, Raleigh, NC 27603

• 4 beds |
• 4 baths |
• 1,391 sqft

Property Description

Seller offering $5,000 buyer concession - use it toward closing costs, interest rate buy-down, or updates of your choice! Investor opportunity! Income-producing 4 bedroom, 4 full bath second-floor condo designed for shared living. Each bedroom includes a private bathroom with a shared kitchen and living area, offering both privacy and functional common space. Currently occupied with three tenants in place, with two tenants already leased through July 2027. 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. Property is professionally managed by Preiss Management. Ideal for investors seeking steady rental income or buyers looking to occupy one bedroom while renting the remaining rooms.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!

Listing Status:

Active

Data Last Updated:

March 14, 2026 at 12:18AM

Listing Office:

Century 21 New Beginnings : 919-494-1283

Listing Agent:

Ellisha Mayers : 252-560-0585

MLS ID:

10151367

Interior

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

Exterior

• Style: Contemporary
• Parking: Parking Lot

Construction

• Roofing: Shingle
• General: Vinyl Siding1PermanentSlab

Location

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

Lot

• Zoning: Univ Woods @ Centennial Bld3000 Un204079205077812044 0276248

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: AMLSNC_TRIANGLE