Print Listing Details for 1140 Carlton Ave # 201

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1140 Carlton Ave # 201 Raleigh, NC 27606
Listing # 10087509

$285,000
4 Bedrooms, 4 Baths, 1287 Sq. Ft.

Investor Special! Whether you're starting your rental portfolio, looking for passive income, or want a cost-effective housing option for a student at NC State, this is your opportunity. This second-floor, one-level 4-bedroom, 4-bathroom condo offers flexibility for both investors and owner-occupants. Live in one room, lease the other three, or rent out all four for maximum return. The unit is currently leased through July 23, 2026, with four individual residential lease agreements in place. It generates $1,975/month in rental income, with tenants responsible for their own utilities, water and electricity are covered by the HOA. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.

Approximate Room Sizes/Locations

Family Room			Main
Kitchen			Main
Laundry			Main

Bathrooms

4 Full Baths

*Approximate Payments: $1,444
Price / Sq. Ft: $221
Days On Market: 13
Year Built: 1999

Address: 1140 Carlton Ave # 201
City: Raleigh
Zip Code: 27606
County: Wake
Subdivision: University Oaks

Elementary School: Wake County Schools
Middle School: Wake County Schools
High School: Wake County Schools

# Fireplaces: 0
Flooring: Carpet,Vinyl

Construction Materials: Vinyl Siding
Roof: Shingle
Foundation: Other

Property Type: Condominium
Style: Traditional
Levels: One
New Construction: No

Heating: Forced Air,Heat Pump
Cooling: Central Air,Heat Pump
Water Source: Public
Sewer: Public Sewer

Association Fee 1: $300 Monthly
Total HOA Dues: $3,600.00
Annual Taxes: $2,226.33

Listing Office: Keller Williams Elite Realty
List Status: Active

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