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5061 Lundy Dr - Wrenwood - FULLY LEASED TOWNHOME DUPLEX 203 Unit Apartment Building Offered at $1,491,956 CAD Raleigh, NC 27606
Investment Highlights
- Fully leased new construction duplex
- Professionally managed
- $6,190 in monthly rent revenue
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 | $1,491,956 CAD | Building Size | 4,800 SF |
| Price Per Unit | $7,350 CAD | 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 | $1,491,956 CAD |
| Price Per Unit | $7,350 CAD |
| 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 | 203 | $4,398 CAD | 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 | $1,271,693 CAD |
| Land Assessment | $141,531 CAD | Total Assessment | $1,413,224 CAD |
Property Taxes
Parcel Number
0783.06-38-2021-000
Land Assessment
$141,531 CAD
Improvements Assessment
$1,271,693 CAD
Total Assessment
$1,413,224 CAD
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5061 Lundy Dr - Wrenwood - FULLY LEASED TOWNHOME DUPLEX
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