5333 Wayne Street
Property Description
Investors, this one checks every box: location, income, and upside. Tucked right next to Lake Johnson Park, this quadplex puts tenants steps from 1.5 miles of unpaved trails, 2.8 miles of paved greenway, a nature preserve, and an outdoor swimming pool - the kind of lifestyle amenities that keep units filled and renters happy long-term. The Raleigh Greenway system connects directly from the property, and commuters will love the easy access to I-40, NC State, RDU International Airport, and Research Triangle Park. Each of the four units offers 2 bedrooms and 2 bathrooms, plus its own private deck - a layout that appeals to a wide range of renters, from students and young professionals to roommates and downsizers. All four units are currently on month-to-month leases, giving the new owner maximum flexibility to renovate one unit at a time while continuing to collect rental income throughout the process. This property is priced with that upside in mind - a rare chance to force appreciation through strategic upgrades in a location that's already in high demand. Whether you're looking to add a turnkey cash-flow property to your portfolio or want room to execute a value-add strategy at your own pace, this quadplex offers the location, layout, flexibility, and upside investors look for. Highlights: 4 units, each 2 bed / 2 bath with a private deck Steps from Lake Johnson Park & Raleigh Greenway system 1.5 mi unpaved trails + 2.8 mi paved trails right outside your door Access to nature preserve and outdoor pool Minutes to I-40, NC State, RDU, and RTP All 4 units on month-to-month leases - renovate unit by unit without losing income Priced to allow for capital improvements. Contact Listing Agent to schedule a showing/Tour!
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $699,999 |
| No. of Units: | 4 |
| Year Built: | 1984 |
| Lot Size: | 3,981.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $175,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 8 |
ID: 3yd-TRIANGLE-10178364
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Brokers
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Rick Recckio
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Lenders
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Essex Property Trust, Inc.
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout