This bright, freshly remodeled 4-bedroom, 4-bath condominium at 1431 Collegiate Cir #101 is built for shared living and investor appeal. At 1,219 square feet the layout is optimized for privacy: every bedroom includes its own full bath and a walk-in closet—an ideal configuration for roommates, students, or faculty wanting separate suites. The unit was comprehensively updated in 2023 with new cabinets, countertops, appliances, paint, and flooring so systems and finishes feel current and low-maintenance.
Practical upgrades underpin long-term value: the HVAC was replaced in 2019, the water heater in 2021, and the roof in 2018. These near-term capital improvements reduce surprise expenses and help the unit rent competitively. The condo sits in a community with conveniences that renters prize—an on-site swimming pool, basketball courts, and grilling areas—plus open parking assigned nearby.
Location is a primary asset. North Carolina State University is about a half-mile away with an NCSU bus stop within walking range, making this an easy commute for students and staff. Everyday errands are close at hand: Mission Valley Shopping Center and a Food Lion are within roughly a mile, and Lake Johnson Park’s trails and water access sit about 1.5 miles away for weekend recreation.
From an investment perspective the math is compelling: recent comps for similar 4BR condos in this complex trade in the ~$260k–$280k range (median around $275k), and lease data indicate market rents near $2,200/month (roughly $1.80/sqft), supporting a healthy gross yield. The unit is vacant and turnkey, positioned for immediate placement on the rental market or a quick owner-occupancy conversion. Buyers should confirm HOA fees and rental policies as part of due diligence, but the combination of recent renovations, strong proximity to NCSU, and community amenities makes this a standout pick for investors and buyers seeking low-effort, high-demand housing close to campus.