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!
Sold for $280,000 on 04/02/25
$280,000
2020 University Woods Rd APT 203, Raleigh, NC 27603
4beds
1,322sqft
Condominium, Residential
Built in 2000
-- sqft lot
$257,500 Zestimate®
$212/sqft
$1,186 Estimated rent
Home value
$257,500
$239,000 - $276,000
$1,186/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:48am
Listed by:
Armand Lenchek 919-624-3692,
EXP Realty LLC,
Dolly Helbert 919-610-1705,
EXP Realty LLC
Bought with:
Carmelina Rose Hall, 333536
Real Broker, LLC - Carolina Collective Realty
Source: Doorify MLS,MLS#: 10078627
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Built-In Electric Range, Dishwasher, Refrigerator
- Laundry: Laundry Closet
Features
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows
Interior area
- Total structure area: 1,322
- Total interior livable area: 1,322 sqft
- Finished area above ground: 1,322
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Permit Required
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Has view: Yes
Details
- Parcel number: 0792.05077812.031
- Special conditions: Trust
Construction
Type & style
- Home type: Condo
- Architectural style: Transitional
- Property subtype: Condominium, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: University Woods
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $235 monthly
- Amenities included: Maintenance Structure, Management, Parking
- Services included: Maintenance Grounds, Trash
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2025 | Listing removed | $600 |
Source: Doorify MLS #10074019 Report a problem | ||
| 4/2/2025 | Sold | $280,000$212/sqft |
Source:  Doorify MLS #10078627 Report a problem | ||
| 2/28/2025 | Pending sale | $280,000$212/sqft |
Source: Doorify MLS #10078627 Report a problem | ||
| 2/26/2025 | Listed for sale | $280,000+1.8%$212/sqft |
Source: Doorify MLS #10078627 Report a problem | ||
| 1/31/2025 | Listed for rent | $600+4.3% |
Source: Doorify MLS #10074019 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,387 +0.4% | $271,420 |
| 2024 | $2,377 +24.1% | $271,420 +56.1% |
| 2023 | $1,915 +7.6% | $173,871 |
Find assessor info on the county website
Neighborhood: Southwest Raleigh
Nearby schools
GreatSchools rating
- 7/10Swift Creek ElementaryGrades: K-5Distance: 2.3 mi
- 7/10Dillard Drive MiddleGrades: 6-8Distance: 1.7 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Wake - Swift Creek
- Middle: Wake - Dillard
- High: Wake - Athens Dr
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$257,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$257,500