Turnkey Investment Opportunity | Immediate Cash Flow in Raleigh, NC Fully leased and income-producing from day one, this brand-new townhome-style condo in Raleigh, North Carolina presents a rare opportunity for investors seeking stable rental income and long-term appreciation in one of the Triangle's fastest-growing markets. Strategically located just minutes from Downtown Raleigh, major commuter routes, shopping, and dining, this modern 3-bedroom, 2.5-bath asset is positioned to attract and retain high-quality tenants. The open-concept layout, dedicated pocket office, and seamless indoor-outdoor living--highlighted by a 12' quad slider to a covered patio--align with today's tenant demand for flexible, lifestyle-driven spaces. The kitchen is designed to elevate rental desirability, featuring quartz countertops, a center island, stainless steel Café appliances, and custom cabinetry. Upstairs, the spacious primary suite offers a spa-style bathroom, dual vanities, frameless glass walk-in shower, and two walk-in closets, while two additional bedrooms provide versatility for roommates, guests, or work-from-home setups. Built with durability and efficiency in mind, the property includes white oak hardwood floors, 8' solid core doors, Pella windows, tankless water heater, spray foam insulation, sealed crawl space, and a whole-home dehumidifier--minimizing maintenance and optimizing operating costs. Additional investor-friendly features include an attached garage with EV charging capability, private partially fenced yard, and low-maintenance construction, making this an ideal addition to any rental portfolio, 1031 exchange, or long-term hold strategy. A true plug-and-play asset in a high-demand rental corridor--generate income from day one while benefiting from Raleigh's continued growth and appreciation.
| MLS # | 10157612 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $300 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2025 |
| Days On Site | 152 |
| Listing Provided By | LPT Realty, LLC | Marinus C Leach |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,003 |
| Garage | 1 |
| Story(s) | 2 |
| Zoning | R10 |
| Acreage | 0.24 |
| Interior Features | Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Walk-In Closet(s) |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Ceiling Fan(s), Central Air, Electric, Heat Pump |
| Laundry Features | In Unit, Upper Level |
| Rooms Total | 6 |
| Roof | Shingle |
|---|---|
| Foundation Details | Block, Crawlspace |
| Lot Features | Back Yard, City Lot |
| Construction Materials | Brick, Fiber Cement, Foam Insulation, Hardi Plank Type |
| Door Features | Sliding Doors |
| Patio And Porch Features | Covered, Rear Porch |
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Garage, Garage Faces Front, On Street |
| Other Parking | EV Outlet in Garage |
| Sewer | Public Sewer |
|---|
| Tax Assessed Value | 200000 |
|---|---|
| Tax Legal Description | LO297 LOCKWOOD SE2 BL4 |
| Tax Year | 2025 |
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27610 |
| Area | Wake |
| Community Name | Lockwood |
| School District | Wake County Schools |
| Elementary School | Wake County Schools |
| High School | Wake County Schools |
| Listing VS Median (in Lockwood) | |
Price: $600,000 low | high Med: $434,000 sqft: 2,003 low | high Med: 1,031 $ / sqft: $300 low | high Med: $421 On site: 152 low | high Med: 50 | |
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27610 |
| Area | Wake |
| Community Name | Lockwood |
| School District | Wake County Schools |
| Elementary School | Wake County Schools |
| High School | Wake County Schools |
| Listing VS Median (in Lockwood) | |
Price: $600,000 low | high Med: $434,000 sqft: 2,003 low | high Med: 1,031 $ / sqft: $300 low | high Med: $421 On site: 152 low | high Med: 50 | |