Loading pictures

5124 Melbourne Road

Raleigh, NC 27606
MLS #10068373

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.

Get in Touch

Marti Hampton Marti Hampton Team

Send Email
(919) 601-7710
EXP Realty

Estimated Payment

Brought to you by:
Justin Burris
Lender
Fairway Mortgage
NMLS #659024
(919) 880-9407
Your Monthly Payment Would Be: ????
Amount:
% Down:
Rate(%):
Term (Yrs):
Actual lender interest rates and loan programs may vary.
Listed by: Ben Davis, DAVIS REALTY AND DEVELOPMENT C 919-356-6881
Last Updated: 2025-01-02 11:02:17
Source: Triangle MLS
Information Not Guaranteed. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
Let us help you!