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House

North Hills / Midtown Raleigh – Updated 3BR/2.5BA Home with Fenced Backyard & Multiple Living Spaces

5408 Farley Drive #03

Raleigh, North Carolina 27609

3 Bedrooms
2.5 Bathrooms
2051 sqft
Ground Floor
Unfurnished

Ceiling Fan
Fireplace
Walk In Closet
Carpet
Hardwood
Dishwasher
Garbage Disposal
Microwave
Fenced Yard
Patio
Office
Master Bath

Available From

NOW


Minimum Duration

12 Months


Utilities Included

None


HOA

No


Pet Policy

Pet Friendly: Pets are permitted on a per property basis with each property having specific breed and weight restrictions. Limit of 2 pets per property. One-time non-refundable pet fee: $350 for pets under 25 lbs $500 for pets over 25 lbs. Monthly pet rent: $30 per pet Maximum of 2 pets allowed Breed restrictions may apply. Tenants are required to complete a profile for acknowledgement of not having or having pets on the property. Profile registration will be completed at https://pmiraleighwood.petscreening.com/ Service Animals, as defined by the Americans with Disabilities Act and the Federal Fair Housing Act, are not considered pets. They are exempt from fees and restrictions.


Rental Requirements

Thank you for choosing to apply to rent a PMI Raleighwood property! As we provide a high-quality experience to all our residents; we are seeking long term, high quality residents. ALL applications are processed when submitted and application fees are non- refundable. Available properties will continue to accept applications until a lease contract is signed and security deposit collected. There is a possibility that there are multiple applications on the property that you apply for and another application could be approved and lease signed which would change the property status to unavailable. In the event that your application is not approved for the original property you applied for, your application will be eligible to transfer to another available property within 30 days of applying. Application approval is based upon collective factors including, but not limited to: credit score, bankruptcies, accounts in good standing, debt to income ratio, income to rent ratio and accounts in collections, rental/eviction history and criminal history. All homes are offered in accordance with the Federal Fair Housing Law and welcome Persons of all Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin. We do not prescreen applications. Please review the rental criteria below before submitting your application. Rental Criteria Rental Application All prospective residents of the property that are 18 years or older must complete an individual rental application. Each applicant over the age of 18 must pay a non-refundable application fee prior to the application being processed. Select a move in date within 30 days of the properties availability date. A valid government-issued photo ID is required from all applicants. We reserve the right to request documentation for any information listed on the rental application. Falsification of information or omission of information on a rental application is grounds for denial and application fees will be forfeited. Income/Employment Total monthly household Gross Income (combined income of all leaseholders) must be at least 3 times the amount of the monthly rent. Income verification is required- All applicants are required to complete income verification. The preferred method is securely linking your bank account verification. "Management reserves the right, at its sole discretion, to request additional forms of income verification or to require bank account linking. This applies particularly if any alternative documentation provided cannot be verified, appears incomplete, or is otherwise deemed unreliable. Failure to comply with income verification requirements may result in denial of the application." If the combined gross income does not meet or exceed the required amount, we may deny the application or require a cosigner to approve the application. A cosigner MUST be an immediate family member and have a gross income of 4 times the month rent and may only be used to supplement income. Credit History and Scoring Credit score of 625 or higher. A higher security deposit will be required for any discharged/closed bankruptcies within the last 5 years. Automatic denial for any open bankruptcies. 80% of open accounts are in good standings. Accounts in collections will be reviewed. Automatic denial for any rental/landlord accounts in collections. Medical and Student Loan accounts in collections are excluded. Criminal History Automatic decline if National Sex Offender Records Found. Automatic decline if Found in OFAC list. Felony convictions may result in denial. Rental History Any negative rental history is grounds for application denial. If you have an open collection from a landlord or property management company, this is an automatic denial. Automatic denial for any past evictions. Automatic denial for any rental/landlord accounts in collections. Pets Pets are permitted on a per property basis with each property having specific breed and weight restrictions. Limit of 2 pets per property. One-time non-refundable pet fee: $350 for pets under 25 lbs $500 for pets over 25 lbs. Monthly pet rent: $30 per pet Maximum of 2 pets allowed Breed restrictions may apply. Tenants are required to complete a profile for acknowledgement of not having or having pets on the property. Profile registration will be completed at Service Animals, as defined by the Americans with Disabilities Act and the Federal Fair Housing Act, are not considered pets. They are exempt from fees and restrictions. Smoking and Marijuana Use: NO tobacco or marijuana smoking is allowed inside of ANY of our rental homes. Under Federal law, marijuana remains a Class I Controlled Substance and therefore illegal under the Federal Laws. NC law and Federal law gives us the right to prohibit it. Marijuana use, possession, and/or growing is prohibited at all our rental homes and violators will be evicted per our lease agreement.
Read Full Requirements


Rent and Deposit
Rent
$3,295

First Month's Rent

$3,295


Security Deposit

$3,295(alternative available)

Move-in fees

$35

Lease Admin Fees$35

Monthly fees

$35

Resident Benefit Package$35

Description
Welcome to 5408 Farley Drive, Raleigh, NC 27609, a beautifully updated 3-bedroom, 2.5-bath home offering approximately 2,051 square feet in the highly sought-after North Hills/Midtown Raleigh area. Set on a spacious lot with mature landscaping, this home combines classic Raleigh character with modern upgrades and an exceptionally convenient location. Inside, you'll find an inviting, light-filled layout featuring hardwood flooring, smooth ceilings, and multiple living spaces that provide plenty of flexibility for everyday living. The updated kitchen is a standout, featuring granite countertops, a large center island, stainless steel appliances, gas range, and recessed lighting, with an easy flow into the dining and living areas. The split-level design offers two separate living areas, making it easy to create a home office, media room, exercise space, playroom, or additional lounge area. The lower-level family room features a wood-burning fireplace, adding warmth and character to the home. The spacious primary suite includes a walk-in closet and renovated ensuite bath, while the additional bedrooms provide comfortable and versatile living space. Outdoor living is equally impressive. Enjoy a fully fenced backyard, expansive patio, mature landscaping, and plenty of room for entertaining, outdoor dining, gardening, or simply relaxing. A backyard storage shed, two attic areas, and an encapsulated crawl space provide valuable additional storage. A covered front porch adds even more charm to the property. The location is one of the home's biggest advantages. Positioned in the North Hills/Midtown Raleigh area, the property offers convenient access to North Hills shopping and dining, everyday retail and grocery options, and Raleigh's major commuting routes. Whether heading toward Downtown Raleigh, North Raleigh, I-440, I-540, or the greater Triangle area, this central location makes getting around the city easy. The property also has no HOA. With its updated kitchen, hardwood floors, flexible living spaces, fireplace, large primary suite, fenced backyard, outdoor entertaining areas, and prime Midtown Raleigh location, 5408 Farley Drive offers an excellent combination of space, character, convenience, and modern comfort. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.
Presented By

PMI Raleighwood

Property Location
Rent

$3,295

Apply Now
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1 Rental requirements and application decisions comply with Fair Housing & Equal Opportunity regulation and local housing laws

2 Move-in fees are subject to change without notice and will be calculated by the PM prior to signing the lease.

3 All information provided is deemed reliable but is not guaranteed and should be independently verified. Property details, availability, pricing, and terms are subject to change without notice.

4 RentEngine is a leasing platform, not a brokerage. No representations or warranties are provided of any kind.

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