1140 Carlton Ave Raleigh, NC 27606

Listing details for 1140 Carlton Ave, Raleigh, NC 27606 : Investor Special! Whether you're starting your rental portfolio, looking for passive income, or want a cost-effective housing option for a student at NC State, this is your opportunity. This second-floor, one-level 4-bedroom, 4-bathroom condo offers flexibility for both investors and owner-occupants. Live in one room, lease the other three, or rent out all four for maximum return. The unit is currently leased through July 23, 2026, with four individual residential lease agreements in place. It generates $1,975/month in rental income, with tenants responsible for their own utilities, water and electricity are covered by the HOA. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.