Sold
Last Sold Price
4 beds1,322 sqft
2020 University Woods Rd, Unit 203, Raleigh, NC 27603
CondoProperty Type
2000Year Built
$212/sq ftPrice per sq ft
$235/moHOA Fees
4 carsParking Spaces

Description

Investor Alert! This is one of the best cash-flowing properties around—don't miss out! Serious inquiries only—viewings can be tricky, so make sure you're ready with cash or financing in place. Non-warrantable. With rental season for student housing right around the corner, now is the perfect time to jump on this opportunity! One tenant is already in place, with three additional rooms available to rent at $600/month each. Got a student starting college next year? This property offers a safe, convenient...Investor Alert! This is one of the best cash-flowing properties around—don't miss out! Serious inquiries only—viewings can be tricky, so make sure you're ready with cash or financing in place. Non-warrantable. With rental season for student housing right around the corner, now is the perfect time to jump on this opportunity! One tenant is already in place, with three additional rooms available to rent at $600/month each. Got a student starting college next year? This property offers a safe, convenient place for them to live while generating income every month. Check the documents for financials and projections. Recent updates include: Water heater 2024 and HVAC 2023. These sell quickly so jump fast!
  • Listed by: Armand Lenchek 919.624.3692 armand@teamarmand.com Brokerage DRE #C38854 • EXP Realty LLC
  • Listed by: Dolly Helbert 919.610.1705 dolly@thehelbertteam.com Brokerage DRE #C38854 • EXP Realty LLC
Listing closed: 04/02/2025 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10078627

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Location

Listing Courtesy of EXP Realty LLC

Sold By Real Broker, LLC - Carolina Collective Realty

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Payment Calculator

$1,928 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,495

Property Taxes

$198

HOA Dues

$235

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Property Information for 2020 University Woods Road, Unit 203

Property Details
  • Taxes: $2,377 / year
  • MLS Type: Residential / Condominium
  • County: Wake County
  • Subdivision: University Woods
Building Information
  • Building/Complex: 2020 University Woods Rd
  • Floor: 2
  • Year Built: 2000
Summary
Location and General Information
  • Directions: FRO 40 TAKE THE GORMAN STREET EXIT SOUTH. HEAD SOUTH ON GORMAN STREET TO TRYON ROAD. TURN LEFT. TURN LEFT ONTO TRAILWOOD - RIGHT ONTO CENTENNIAL WOODS - LEFT ONTO SOUTHERN WADES COURT - RIGHT ONTO UNIVERSITY WOODS RD.
  • Subdivision Name: University Woods
  • Latitude: 35.749372
  • Longitude: -78.694235
Taxes and HOA Information
  • Association Fee: $235.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds, Trash
  • Association Name: Wilson Management
  • Association Phone2: 919-782-1717
  • Association: Yes
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $2,377.00
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Has Restrictive Covenants: Yes
Contract Information
  • Lease Expiration Date: 2025-07-25
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2025-03-18
School Information
  • Elementary School: Wake - Swift Creek Elementary
  • Middle Or Junior School: Wake - Dillard Drive Middle
  • High School: Wake - Athens Drive High
Parking
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Assigned, Permit Required
  • Garage: No
Property
Lot Information
  • Building Area Total: 1322.0
  • Architectural Style: Transitional
  • Total Other Area Sq Ft: 0.0
  • Parcel Number: 0792.05-07-7812.031
  • Structure Type: Other
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: No
  • Has Power Production: No
  • Has Primary Residence: No
  • Sold PriceList Price: 1.0
Property and Assessments
  • New Construction: No
  • Above Grade Finished Area Source: Other
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Association Amenities: Management, Maintenance Structure, Parking
  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Roof: Asphalt
  • New Construction Type: Other, Vinyl Siding
Interior Features
  • Levels: One
  • Master Bedroom 1st Floor: No
  • Flooring: Carpet, Vinyl
  • Windows Treatment: Double Pane Windows
  • Cooling: Central Air, Electric
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes
  • Appliances: Built-In Electric Range, Dishwasher, Refrigerator
  • Laundry Features: Laundry Closet
  • Spa: No
Room Information
Room Information
  • Rooms Total: 8.0
Room 1
  • Type: Primary Bedroom
  • Level: Main
  • Length: 12.9
  • Width: 11.4
Room 2
  • Type: Bedroom 2
  • Level: Main
  • Length: 12.9
  • Width: 11.8
Room 3
  • Type: Bedroom 3
  • Level: Main
  • Length: 12.8
  • Width: 10.0
Room 4
  • Type: Bedroom 4
  • Level: Main
  • Length: 12.8
  • Width: 9.11
Room 5
  • Type: Living Room
  • Level: Main
  • Length: 12.1
  • Width: 12.0
Room 6
  • Type: Laundry
  • Level: Main
  • Length: 2.7
  • Width: 5.3
Room 7
  • Type: Kitchen
  • Level: Main
  • Length: 12.2
  • Width: 10.9
Room 8
  • Type: Dining Room
  • Level: Main
  • Length: 12.2
  • Width: 7.11
Rental
Rental Information
  • Lease Term: Negotiable

Property History for 2020 University Woods Road, Unit 203

DateEvent & SourcePriceAppreciation
Apr 2, 2025

Sold

Doorify MLS (fka Triangle MLS) #10078627

$280,000—
Mar 28, 2025

Sold (Public Record)

Public Record #1554192410

$280,000

+1.1% / yr

Feb 28, 2025

Pending

Doorify MLS (fka Triangle MLS) #10078627

—
DateEvent & SourcePrice
04/02/2025

Sold

Doorify MLS (fka Triangle MLS) #10078627

$280,000
03/28/2025

Sold (Public Record)

Public Record #1554192410

$280,000

+1.1% / yr

02/28/2025

Pending

Doorify MLS (fka Triangle MLS) #10078627

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2020 University Woods Road, Unit 203

Taxable ValueLand-Additions$271,420Total-
Tax Record2025$2,387 ($199 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt1,391 SqFtAbove Grade Finished SqFt1,391 SqFtStories1StyleCondominiumYear Built2000ZoningR-10CountyWAKEAPN0792.05-07-7812 0276235

Schools near 2020 University Woods Road, Unit 203

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Swift Creek Elementary
PublicK to 5

Dillard Drive Middle
Public6 to 8

Athens Drive High
Public9 to 12

SCORE Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of EXP Realty LLC

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.