204/3000 Centennial Woods Drive

Raleigh NC 27603

1378 sq. ft.

Condo

Last sold for $245,000

Ellisha Mayers, last sold this property on 24 August 2026 after 168 days on market.

Overview

**Cash Flow Day One | 4BR/4BA Income-Producing Condo Near NC State** Investors, this one is already working for you before you even close. Four bedrooms, four private baths, three tenants in place, two leases running through July 2027, and current rents at $550 per room moving to $580 in August — that's $2,320 per month at full occupancy with upside still on the table. The room-by-room rental model is one of the strongest income strategies in college markets and this unit is already set up and running. Seller is offering a **$5,000 buyer concession** — use it to buy down your rate, cover closing costs, or put it toward updates. Your call. The heavy lifting has already been done for you. New roof installed by the HOA in 2025. Water heater replaced November 2024. Fresh paint throughout. Heat pump 2016. This is not a fixer — it's a move-in ready income property in one of the most reliable rental markets in North Carolina. Currently professionally managed by Preiss Company, one of the most respected student housing management firms in the region, giving you a completely hands-off ownership experience from day one. Fridge, washer, and dryer all convey. Perfectly positioned near NC State, Meredith College, Centennial Campus, downtown Raleigh, major highways, shopping, and just 15 minutes to RDU. Demand for housing in this corridor does not slow down. Buyers not required to retain current tenants. For owner-occupant or parent buyers, Preiss Company can assist current tenants in relocating within their managed portfolio — making this just as flexible for personal use as it is for pure investment. **$5,000 toward your closing. Tenants already in place. Income from day one. This is the one!

Features

4 bedrooms

4 bathrooms

1378 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 4 bedroom condos sold in Raleigh over the last 12 months, the estimated median property value of 204/3000 Centennial Woods Drive is $271.5k.

Median value

$271.5k

Estimated value range

$245k - $285k

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Raleigh. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.