Last Sold Price
4 beds1,322 sqft$212/sqft
2020 University Woods Rd, Unit 203, Raleigh, NC 27603

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!
LISTING CLOSED: 04/02/2025 12:00 AM

  1. Listed by Armand Lenchek • EXP Realty LLC
  2. Listed by Dolly Helbert • EXP Realty LLC

Property Details for 2020 University Woods Road, Unit 203

Status
MLS #
10078627
Pet Policy
-
Taxes
$2,377 / year
HOA Fees
$235 / month
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Condominium
Year Built
2000
View
Yes
Subdivision
University Woods
HOA Fees
$235.00

Location

Listing Courtesy of EXP Realty LLC

Sold By Real Broker, LLC - Carolina Collective Realty

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Building Information for 2020 University Woods Road, Unit 203

Building/Complex2020 University Woods RdFloor2Stories-Residences-Pet Policy-Pet Policy Details-Year Built2000

Payment Calculator

$1,856 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,423

Property Taxes

$198

HOA Dues

$235

The Payment Calculator is for illustrative purposes only.

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Property Information for 2020 University Woods Road, Unit 203

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 Includes: Maintenance Grounds, Trash
  • Association: Yes
  • Total HOA Dues: $235.00
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $2,377.00
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 0
  • Restrictive Covenants YN: Yes
Contract Information
  • Lease Expiration Date: 2025-07-25
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2025-03-18
School Information
  • Elementary School: Wake - Swift Creek
  • Middle Or Junior School: Wake - Dillard
  • High School: Wake - Athens Dr
Parking
  • Open Parking: Yes
  • Parking Features: Assigned, Permit Required
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1322.0
  • Architectural Style: Transitional
  • Total Other Area Sq Ft: 0
  • Parcel Number: 0792.05077812.031
  • Structure Type: Other
  • Enhanced Accessible: No
  • Power Production YN: No
  • Primary Residence YN: No
  • Sold PriceList Price: 1
Property and Assessments
  • New Construction: No
  • Photos Count: 16
  • Above Grade Finished Area Source: Other
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Pool Private: No
  • Roof: Asphalt
  • New Construction Type: Vinyl Siding, Other
Interior Features
  • Levels: One
  • Flooring: Carpet, Vinyl
  • Windows Treatment: Double Pane Windows
  • Cooling: Central Air, Electric
  • Cooling?: Yes
  • Heating: Forced Air
  • Heating?: Yes
  • Appliances: Built-In Electric Range, Dishwasher, Refrigerator
  • Laundry Features: Laundry Closet
  • Spa: No
  • Equipment Appliances: Built-In Electric Range, Dishwasher, Refrigerator
  • Interior: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Assigned, Permit Required, Vinyl Siding, Laundry Closet
  • Equipment: Built-In Electric Range, Dishwasher, Refrigerator, Laundry Closet, Assigned, Permit Required
Room Information
Room Information
  • Rooms Total: 8.0
Room 1
  • Room Dimensions: 12.9 x 11.4
  • Room Width: 11.4
  • Room Length: 12.9
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 2
  • Room Dimensions: 12.9 x 11.8
  • Room Width: 11.8
  • Room Length: 12.9
  • Room Level: Main
  • Room Type: Bedroom 2
Room 3
  • Room Dimensions: 12.8 x 10
  • Room Width: 10.0
  • Room Length: 12.8
  • Room Level: Main
  • Room Type: Bedroom 3
Room 4
  • Room Dimensions: 12.8 x 9.11
  • Room Width: 9.11
  • Room Length: 12.8
  • Room Level: Main
  • Room Type: Bedroom 4
Room 5
  • Room Dimensions: 12.1 x 12
  • Room Width: 12.0
  • Room Length: 12.1
  • Room Level: Main
  • Room Type: Living Room
Room 6
  • Room Dimensions: 2.7 x 5.3
  • Room Width: 5.3
  • Room Length: 2.7
  • Room Level: Main
  • Room Type: Laundry
Room 7
  • Room Dimensions: 12.2 x 10.9
  • Room Width: 10.9
  • Room Length: 12.2
  • Room Level: Main
  • Room Type: Kitchen
Room 8
  • Room Dimensions: 12.2 x 7.11
  • Room Width: 7.11
  • Room Length: 12.2
  • Room Level: Main
  • Room Type: Dining Room
Agent
Sale and Listing
  • Property Type: Residential
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Negotiable

Property History for 2020 University Woods Road, Unit 203

DateEvent & SourcePriceAppreciation
Apr 2, 2025

Sold

TRIANGLEMLS #10078627

$280,000
Mar 28, 2025

Sold (Public Record)

Public Record #1554192410

$280,000

+1.1% / yr

Feb 28, 2025

Pending

TRIANGLEMLS #10078627

DateEvent & SourcePrice
04/02/2025

Sold

TRIANGLEMLS #10078627

$280,000
03/28/2025

Sold (Public Record)

Public Record #1554192410

$280,000

+1.1% / yr

02/28/2025

Pending

TRIANGLEMLS #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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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.