1140 Carlton Ave Unit 201 Raleigh, NC 27606
Estimated payment $1,999/month
Total Views
9,112
4
Beds
4
Baths
1,287
Sq Ft
$221
Price per Sq Ft
Highlights
- Traditional Architecture
- Laundry Room
- Family Room
- Leroy Martin Magnet Rated A
- Forced Air Heating and Cooling System
- Carpet
About This Home
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 internet. Water, parking, and trash included in HOA fee. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,226
Year Built
- Built in 1999
HOA Fees
- $300 Monthly HOA Fees
Home Design
- Traditional Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,287 Sq Ft Home
- 1-Story Property
- Family Room
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Parking Spaces
- 4 Open Parking Spaces
Schools
- Wake County Schools Elementary And Middle School
- Wake County Schools High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
Community Details
- Association fees include electricity, ground maintenance, road maintenance, trash, water
- Preiss Company Association, Phone Number (919) 870-5080
- University Oaks Subdivision
Listing and Financial Details
- Assessor Parcel Number 0793.05-29-2951 0045445
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,226 | $254,039 | $0 | $254,039 |
| 2023 | $1,912 | $173,548 | $0 | $173,548 |
| 2022 | $1,777 | $173,548 | $0 | $173,548 |
| 2021 | $1,709 | $173,548 | $0 | $173,548 |
| 2020 | $1,678 | $173,548 | $0 | $173,548 |
| 2019 | $1,368 | $116,327 | $0 | $116,327 |
| 2018 | $1,291 | $116,327 | $0 | $116,327 |
| 2017 | $1,230 | $116,327 | $0 | $116,327 |
| 2016 | $1,205 | $116,327 | $0 | $116,327 |
| 2015 | $1,223 | $116,130 | $0 | $116,130 |
| 2014 | $1,160 | $116,130 | $0 | $116,130 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | For Sale | $285,000 | -- | $221 / Sq Ft |
Source: Doorify MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $120,500 | None Available | |
| Warranty Deed | $112,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $92,500 | New Conventional | |
| Closed | $90,300 | Purchase Money Mortgage | |
| Previous Owner | $109,480 | FHA |
Source: Public Records
Similar Homes in Raleigh, NC
Source: Doorify MLS
MLS Number: 10087509
APN: 0793.05-29-2951-041
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