5061 Lundy Dr - Multi-Family FOR SALE


Raleigh, NC 27606- Southwest Raleigh
$1,050,000 USD
919-738-8855
5061 Lundy Dr, Raleigh, NC for Sale
$1,050,000 USD
Multi-Family - FOR SALE
1/31
null | Request Cap Rate

5061 Lundy Dr
Raleigh, NC 27606
Southwest Raleigh


HIGHLIGHTS

  • Fully leased new construction duplex
  • $6,190 in monthly rent revenue
  • Professionally managed

OVERVIEW

Fully leased new construction investment opportunity in Raleigh's Wrenwood community featuring one building comprised of two side-by-side townhome residences. Unit 101 is leased at $3,195/month through October 17, 2026, and Unit 102 is leased at $2,995/month through June 15, 2027, providing immediate stabilized income totaling $6,190 per month ($74,280 annually). Each home offers approximately 2,400 square feet across three levels with 3 bedrooms, 3.5 baths, open-concept living spaces, attached garages, and contemporary finishes throughout. Ideally positioned between Downtown Raleigh and Cary, Wrenwood benefits from strong rental demand and convenient access to Fenton, Lake Johnson Park, NC State University, Downtown Raleigh, and RTP. Recent rental-ready improvements include blinds, refrigerator, washer, and dryer, creating a truly turnkey, low-maintenance investment opportunity. All construction is complete and fully occupied, making this an attractive long-term hold in one of Raleigh's strongest growth corridors.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

203

PRICE/UNIT

$5,172

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wrenwood - FULLY LEASED TOWNHOME DUPLEX

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-6

APN/PARCEL ID

0783.06-38-2021-000

ASK ABOUT THIS PROPERTY

Charles UmsteadCompass RealtyMore Info
919-738-8855

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Charles UmsteadCompass RealtyMore Info
919-738-8855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.