Listing Courtesy of: Ben Davis - DAVIS REALTY AND DEVELOPMENT C
919-356-6881
$635,000
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5124 Melbourne Road Raleigh, NC 27606
Single Family
Residence
5
Beds
2
Baths
2,417
Sq. Ft.
0.31
Acre
Lot
Property Activity
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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. Master 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.
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MLS#
10068373
Property Type
Single Family
Bedrooms
5
Bathrooms
Year Built
1958
Square Feet
2,417
sq. ft
Lot Size
0.31
Sewer
Sewer Connected, No Sewer, Public Sewer
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