4 BEDROOM/4 BATH CONDO For Sale in University Woods student community

* Nice 1292 sq. ft. 2nd floor condo with 4 large bedrooms
* Each 10'x13' bedroom has private bathroom and walk-in closet
* Large 13'x20' living room
* 8'x9' sun or dining room
* Laundry room with storage
* All major appliances included: refrigerator, range, dishwasher, washer & dryer
* Cable, network & phone jack in every bedroom
* Central air conditioning & heating
* Right by CAT bus stop
* Built in 2001
* Convenient to campus and I-40

OWNER ADDED UPGRADES:

* Extensive track lighting in living room
* Built-in home theater electronics cabinet
* Wired for home theater speakers
* Satellite system wired to home theater center
* Custom-built, carpeted raised platform for theater style seating
* 6 new ceiling fans
* Lighting upgrades
* One bedroom/bath wired for audio & video
* Sun/dining room wired for TV
* Wired/wireless home network
* Programmable thermostat

Home theater electronics, speakers & 51" widescreen HD TV may be purchased seperately

TREAT YOUR NCSU STUDENT TO HOME STYLE LIVING AND LET 3 OTHER STUDENTS MAKE YOUR CONDO PAYMENT - THAT'S WHAT WE DID!

$123,900.00

[Edited on May 2, 2007 at 8:24 AM. Reason : add info]

5/2/2007 8:15:05 AM

5$

5/2/2007 8:28:15 AM

I always wondered what these went for.

If you charged 350/mo you'd make 16,800/yr. Take you like 8 years to get your money back, assuming little maintenance.

5/2/2007 8:58:42 AM

pics?

5/2/2007 9:45:04 AM

^^ and that's not a good assumption to make, considering that these things are made out of cardboard.

Not sure what HOA dues are, but you gotta factor that in. There are TONS of the 4bd/4ba style condos around campus, and $350/month per room is going to be hard to get.

You can still profit from buying one of these and renting it out, but there are a lot of them for sale far cheaper than this. Just check MLS.

5/2/2007 9:56:26 AM

i was at this place for like an hour last week and it is the most baddass setup ive seen in a while

5/2/2007 10:08:41 AM

Quote :

"with 4 large bedrooms "

Quote :

"Each 10'x13' bedroom "

Does not compute. I find it hard to believe you could put 4 bedrooms in such a small place without being really cramped. I live in a 2 bdrm 1220 sq ft apartment and it seems small

5/2/2007 10:13:54 AM

I thought units like this went for < $100k

5/2/2007 11:03:06 AM

^they do.

Last year a few were up for about $94K

5/2/2007 11:11:54 AM

U Woods places right now are listed between $116k-$125k. There are some cheaper ones in the area, but not in U Woods.

5/2/2007 11:19:27 AM

i bid 80k

5/2/2007 11:58:04 AM

preiss's rates are at $310 for a 4br. event hat seems steep. it was $250 2 years ago when i moved into a 3br.
http://universitycondos.com/rental_rates.php?condo_id=9
this one has lots of good upgrades that the preiss units are lacking (like working thermostats)

5/2/2007 1:22:03 PM

These condos are always for sale everywhere I look, can't be a good idea to buy one when the market seems to be pretty saturated.

Plus the fact that they are horrible apts.

5/2/2007 1:54:43 PM

those are not nice apartments & i cannot imagine who would buy it even if extensive work had been done. it's still a shitty place to live next to other shitty buildings with shitty parking, shitty neighbors, shitty shitty shitty shit shit

[Edited on May 2, 2007 at 7:22 PM. Reason : ]

5/2/2007 7:22:17 PM

1000 sq ft. in driftwood manor, 2 bed, can be had for 55k. Thats probably a better deal, and is alot quieter than u woods.

5/2/2007 7:26:08 PM

Quote :

"but there are a lot of them for sale far cheaper than this. Just check MLS. "

littlegooze... it will take you FOREVER to sell this conodo for that price.

5/2/2007 7:48:46 PM