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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Listing Snapshot
Price
$635,000
Days On Site
10 Days
Bedrooms
5
Inside Area (SqFt)
2,417 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.31 Acres
Year Built
1958
MLS® Number
10068373
Status
Active
Property Tax
$3,439.24
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
a week ago
Listing updated with changes from the MLS®
a week ago
Listing first seen on site
General Features
Acres
0.31
Foundation
Brick/MortarSlab
Number Of Stories
2
Parking
ConcreteDriveway
Parking Spaces
4
Property Sub Type
Single Family Residence
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2417
SqFt Total
2417
Stories
Multi/SplitTwo
Style
Cape Cod
Utilities
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Listing courtesy of Ben Davis of DAVIS REALTY AND DEVELOPMENT C
Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
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