5124 Melbourne Road
Raleigh, NC 27606
2417 sqft | 5 beds | 2 baths | 0.31 acres | #10068373
Description
Incredible investment opportunity in desirable Cardinal Hills/NC State area. Cash flowing, stabilized property with leases in place through 6/30/2026. This thoughtfully updated 5 bedroom, 2 bathroom home is located on a large, fenced 0.31 acre lot. Single lease in effect - Not individual. 7/1/24 - 6/30/25 Lease at $5,000/month. 7/1/25 - 6/30/26 Lease at $5,000/month.
Extremely turnkey property with designer finishes and sleek new appliances. Improvements in 2023 include: New roof, updated kitchen, 2 full bathroom renovations, premium crawlspace encapsulation, Rheem tankless hot water heater, refinished hardwoods, and new concrete driveway. 3 bedrooms are located on the main level with 2 additional bedrooms located on the second floor. Two separate front entrances, interior spiral staircase, and second floor loft provide tenants with maximum living flexibility and privacy.
Close proximity to NC State and 440. Appliances and Washer/Dryer convey. This investment property is As-Is and ready to go! Buyers & Buyers Agents, please reach out to Listing Agent for all property disclosures and full list of upgrades.
Interior Details
- InteriorBookcases, Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Speed Internet, Open Floorplan, Master Downstai
- Fireplaces1
Heating & Cooling
- CoolingCeiling Fan(s), Central Air
- HeatingBaseboard, Central
Beds & Baths
- Bedrooms5
- Bathrooms2
- Full Baths2
Property Details
- Lot FeaturesBack Yard, Front Yard, Hardwood Trees
- Lot DescriptionBack Yard, Front Yard, Hardwood Trees
- Exterior FeaturesRain Gutters
- Exterior MaterialsRain Gutters
- Stories2
Measurements
- Acres0.31
- Square Feet2417
Parking
- Parking FeaturesConcrete, Driveway
- Parking TypeDriveway
Construction Details
- Property TypeMulti-Family
- StyleCape Cod
Condition
- Year Built1958
Material information
- RoofShingle
Utilities / Energy Details
- Utility FeaturesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionCardinal Hills
Location
- Middle SchoolWake - Lufkin Road
- High SchoolWake - Athens Dr
- Elementary SchoolWake - Adams
- CountyWake
- ZoningR-4
Financial Details
- Taxes Annual$3,439
Other
- MLS #10068373
Location
Legal
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Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: Ben Davis (#87869)
Listing Office: DAVIS REALTY AND DEVELOPMENT C (#T779)
Listing Courtesy (Buyer)
Buyer's Agent: Darlene Zeitler (#R74875)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
