$272,500
4 Beds
4 Baths
1,219 SqFt
Acre Lot
Sqft Lot
Status Active
Property Type Condominium
Price Type
Year Built 1999
Neighborhood Lakepark Condos
Days on Website 85

Property Map

$272,500 – 1321 Crab Orchard Drive Unit 302, Raleigh, NC 27606

Street View

Courtesy of Cary-Raleigh Realty, Inc., Royle Sit.

Description

Investor Alert!!! Top-floor 4 bedroom, 4 bathroom condo/apartment unit located near NCSU. Each bedroom suite features a private full bath and a walk-in closet in addition to the shared kitchen, laundry area, dining room, living room, and balcony. The Lake Park community amenities include a swimming pool, basketball court, and volleyball courts. Enjoy convenient access to the Lake Johnson Park, Avent Ferry Shopping Center, and the GoRaleigh bus line. Currently, 2 of the rooms are leased through July 15th, 2025, at $590 per month. The remaining 2 rooms are move-in ready and available for new leases. Ongoing rates are approximately $600 per month for individual rooms or around $2400 per month for the entire unit. Don’t miss this exceptional investment opportunity with excellent cash flow potential!

Property Details and Features

Appliances & Equipment

  • Appliances: “Dishwasher”, “Dryer”, “Electric Range”, “Electric Water Heater”, “Exhaust Fan”, “Refrigerator”, “Washer”

Bathrooms

  • 4 full bathrooms
  • 4 total bathrooms
  • 4 total bathrooms

Bedrooms

  • 4 bedrooms

Building

  • Building Area Total: 1219
  • Building Area Units: Square Feet
  • Construction Materials: “Vinyl Siding”
  • Living Area Units: Square Feet
  • Living Area: 1219
  • Structure Type: “Multi Family”
  • Year Built: 1999

Community

  • Community Features: Pool

Cooling

  • Cooling: “Ceiling Fan(s)”, “Central Air”, “Electric”
  • Cooling Included

Exterior Features

  • Exterior Features: “Balcony”, “Basketball Court”

Floors

  • Flooring: “Carpet”, “Vinyl”

Foundation

  • Foundation Details: “Slab”

Heating

  • Heating: “Central”, “Forced Air”
  • Heating Included

Home Owner’s Association

  • Association Fee: $184
  • Association Amenities: “Basketball Court”, “Maintenance Grounds”, “Maintenance Structure”, “Management”, “Parking”, “Pool”
  • Association Fee Frequency: Monthly
  • Association Available

Interior Features

  • Interior Features: “Bathtub/Shower Combination”, “Ceiling Fan(s)”, “Walk-In Closet(s)”

Laundry

  • Features: “In Unit”, “Laundry Closet”

Listing

  • Days On Market: 56
  • Lease Term: 12 Months

Location

  • Subdivision Name: Lakepark Condos

Lot

  • Parcel Number: 0783823529

Parking

  • Parking Features: Parking Lot
  • Open Parking

Pool

  • Pool Features: “In Ground”, “Outdoor Pool”

Property

  • Property Sub Type: Condominium
  • Zoning: R-10

Roof

  • Roof: “Shingle”

Schools

  • High School: Wake – Athens Dr
  • Middle Or Junior School: Wake – Centennial Campus
  • Elementary School: Wake – Combs

Sewer

  • Sewer: “Public Sewer”

Taxes

  • Tax Annual Amount: 1901.96

Utilities

  • Water Source: “Public”

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