Log In/Sign Up
Your email has been sent.
5061 Lundy Dr - Wrenwood - FULLY LEASED TOWNHOME DUPLEX 203 Unit Apartment Building Offered at $1,050,000 Raleigh, NC 27606
Executive Summary
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.
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.
Property Facts
| Price | $1,050,000 | Building Size | 4,800 SF |
| Price Per Unit | $5,172 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 203 | Year Built | 2026 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | R-6 - Residential-6 zoning district | ||
| Price | $1,050,000 |
| Price Per Unit | $5,172 |
| Sale Type | Investment |
| No. Units | 203 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2026 |
| Opportunity Zone |
Yes |
| Zoning | R-6 - Residential-6 zoning district |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Deck
- Dining Room
- Family Room
- Handrails
- Island Kitchen
- Lawn
- Loft Layout
- Mud Room
- Office
- Pantry
- Patio
- Porch
- Large Bedrooms
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 101 | $3,195 | - |
| 3+3.5 | 102 | $2,995 | 2,400 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0783.06-38-2021-000 | Improvements Assessment | $912,007 |
| Land Assessment | $101,500 | Total Assessment | $1,013,507 |
Property Taxes
Parcel Number
0783.06-38-2021-000
Land Assessment
$101,500
Improvements Assessment
$912,007
Total Assessment
$1,013,507
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
5061 Lundy Dr - Wrenwood - FULLY LEASED TOWNHOME DUPLEX
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.