Raleigh, NC 27606 1140 Carlton Avenue #201
$285,000
14 more
Presented By: Keller Williams Elite Realty;
Beds • 4
Baths • 4
SQFT • 1,287
Home Details
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.
Presented By: Keller Williams Elite Realty;
Interior Features for 1140 Carlton Avenue #201
Bedrooms
Total Bedrooms4
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
Above Grade Finished Area1287
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area0
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
General for 1140 Carlton Avenue #201
Architectural StyleTraditional
Assoc Fee Paid PerMonthly
Association Fee IncludesElectricity, Maintenance Grounds, Road Maintenance, Trash, Water
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityRaleigh
Construction MaterialsVinyl Siding
CoolingCentral Air, Heat Pump
CountyWake
DirectionsFrom I 440E /US 1 N take exit 2A for Western Blvd towards NCSU. Continue on Western Blvd and turn R onto Clanton Street.Then turn L onto Sherman Avenue. Turn R onto Carlton Avenue. Complex will be lo
Elementary SchoolWake County Schools
Full Baths4
Garage Y/NNo
HOAYes
HOA Fee$300
HeatingForced Air, Heat Pump
High SchoolWake County Schools
Lease Considered Y/NNo
LevelsOne
Living Area UnitsSquare Feet
Middle/Junior High SchoolWake County Schools
ModificationTimestamp2025-04-24T20:20:29.000Z
New ConstructionNo
Ok to Lease12 Months
Open Parking Spaces4
Property Attached Y/NNo
Property SubtypeCondominium
Property TypeResidential
RoofShingle
RoomsPrimary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Family Room, Kitchen, Laundry
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories1
Subdivision NameUniversity Oaks
Tax Annual Amount2226.33
Total Rooms6
Unit Number201
Waterfront Y/NNo
Year Built1999
Exterior for 1140 Carlton Avenue #201
Building Area Total1287
Foundation DetailsOther
Horse Y/NNo
Open Parking Y/NYes
SpaNo
Water SourcePublic
Additional Details
Price History
Schools
Middle School
Wake County Schools Middle School
Elementary School
Wake County Schools Elementary School
High School
Wake County Schools High School
Nina Gervase
Realtor
