Bought with O'Meara Realty Group Inc.
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5124 Melbourne Road Raleigh, NC 27606
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Key Details
Sold Price $590,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,417 sqft
Price per Sqft $244
Subdivision Cardinal Hills
MLS Listing ID 10068373
Sold Date 02/24/25
Style House
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,417
Year Built 1958
Annual Tax Amount $3,439
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Single Family Residence
Source Triangle MLS
Property 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.
Location
State NC
County Wake
Zoning R-4
Direction Exit 1D off of 440, house on the right.
Interior
Interior Features Bookcases, Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Speed Internet, Open Floorplan, Master Downstairs, Storage, Tile Counters, Walk-In Closet(s), Other
Heating Baseboard, Central
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Family Room, Masonry
Fireplace Yes
Appliance Dishwasher, Disposal, Gas Range, Microwave, Oven, Range, Refrigerator, Washer/Dryer Stacked
Laundry Main Level
Exterior
Exterior Feature Rain Gutters
Fence None
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
Roof Type Shingle
Porch Covered, Deck, Patio, Porch
Private Pool No
Building
Lot Description Back Yard, Front Yard, Hardwood Trees
Building Description Brick,Vinyl Siding, Shared Utilities
Faces Exit 1D off of 440, house on the right.
Story 2
Foundation Brick/Mortar, Slab
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Level or Stories 2
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Wake - Adams
Middle Schools Wake - Lufkin Road
High Schools Wake - Athens Dr
Others
Senior Community false
Tax ID 0783583167
Special Listing Condition Standard
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