741 Bishops Park Dr, Raleigh, NC 27605

Professionally Managed by First Class Realty Property Management, LLC

741 Bishops Park Drive, Unit 102, Raleigh, NC 27605 | Bishops Park | 2 Bed / 2 Bath | 1... ,158 Sq Ft

Located in the highly desirable Bishops Park condominium community in Raleigh's Five Points district, this spacious first-floor condo offers comfortable living in one of the city's most sought-after locations. The community is conveniently situated near Downtown Raleigh, Glenwood South, Village District, NC State University, Fletcher Park, shopping, dining, entertainment, and major commuter routes including Wade Avenue and I-40.

Property Features:
2 Bedrooms
2 Full Bathrooms
1,158 Square Feet
First-floor unit
Open living and dining area
Spacious primary suite with private bathroom
Generous secondary bedroom and guest bathroom
Public water and sewer
Community swimming pool
Professionally maintained grounds
Located in the established Bishops Park condominium community
Easy access to Downtown Raleigh, Five Points, Village District, and major employment centers
Current Improvements Underway

This home is currently being refreshed and updated for its next resident. Planned improvements include:
Brand-new LifeProof laminate flooring throughout the main living areas
Brand-new carpet in both bedrooms
Fresh interior paint throughout the entire home
Two brand-new windows being installed

The property is anticipated to be available for move-in on or around June 21, 2026, with the possibility of an earlier availability date if renovations are completed ahead of schedule.
Application Requirements - Please Review Before Applying
Applications that do not meet the criteria below will not be approved.

Income Requirement
Gross household income must be at least 2.25x the monthly rent.
3x rent or greater qualifies for a standard security deposit (1x rent).
2.25x-2.99x rent may qualify with an increased security deposit (up to 2x rent) based on overall application strength.
Income must be verifiable through Paysource.

Credit Rental History
Credit history, payment patterns, and overall financial responsibility are reviewed.

The following will result in denial:
Outstanding balances owed to prior landlords
Housing-related collections or open landlord judgments
Material misrepresentation or falsified documents

Security Deposit
Security deposit ranges from 1x-2x monthly rent based on income strength, credit profile, and rental history. All deposits comply with North Carolina regulations.

Application Fee
$35 per applicant (non-refundable).

Additional Required Fees at Move In Programs
Leasing Administration Fee: $100 (one-time)
Pet Fee: $100 per pet (non-refundable; does not cover damages)
First Class Residency - Portal Fee (Required)
$10 per month (non-negotiable)

Includes:
On-time rent credit reporting
24/7 online resident portal (payments, maintenance, documents)
Cash payment options at approved retailers
Preventative maintenance inspections (2x per lease term)
Renewal incentives for on-time residents

Pet Policy
All pets must be disclosed and approved. Residents may be required to provide professional carpet cleaning and/or additional cleaning documentation at lease end if pet-related odor, dander, or damage is present. Pets must be included on renter's insurance policy.

Renter's Insurance
Renter's insurance is required with a minimum $100,000 liability limit. Proof of coverage (declaration page) must be provided prior to move-in.

Equal Housing Opportunity.

These additional charges may apply:
1) Portal Fee: 10.00/mo Read More