5124 Melbourne Road
$635,000
5
2
2,417
2,417
$263
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. 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,...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.
- Listed by Ben Davis • DAVIS REALTY AND DEVELOPMENT C
- Listed by Elizabeth Ann Jordan • DAVIS REALTY AND DEVELOPMENT C
Property Details for 5124 Melbourne Road
View
Yes
WaterfrontNo
SubdivisionCardinal Hills
LISTING UPDATED: 12/27/2024 08:37 PM
Property Details for 5124 Melbourne Road
Status | Active |
---|---|
MLS # | 10068373 |
Days on Market | 6 |
Taxes | $3,439 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Single Family Residence |
Year Built | 1958 |
Lot Size | 0.31 AC / 13,503 SF |
County | Wake County |
Building Information for 5124 Melbourne Road
Stories2Residences1Year Built1958Building Size-Lot Size0.31 AC / 13,503 SF
Property Information for 5124 Melbourne Road
Property History for 5124 Melbourne Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5124 Melbourne Road
Taxable ValueLand$200,000Additions$193,695Total$393,695
Tax Record2024$3,439 ($287 / month)
Home Facts
Baths2Total Finished SqFt2,436 SqFtAbove Grade Finished SqFt2,436 SqFtStories2Lot Size13,504 SqFtStyleSingle Family ResidenceYear Built1958ZoningR-4CountyWAKEAPN0783.07-58-3167 0052652Fireplace TypeHas Fireplace
Schools near 5124 Melbourne Road
This home is within Wake County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Adams Elementary PublicPK to 5 | ||
Lufkin Road Middle Public6 to 8 | ||
Athens Drive High Public9 to 12 | ||
Mount Vernon PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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