Active
  • Price cut: $200K (8/20)
    $1,900,000

    3799 South Rd #150, Lexington, NC 27292

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Premier Real Estate Team presents West Park Trailer Park, a ±50-pad mobile home community in Lexington, NC. Appraised at $2.6M (July 2024) and now offered at $1.9M for a quick close, this is a true value-add opportunity with multiple levers for growth. Highlights: •39 developed pads + 11 approved expansion pads (municipal approvals in place, infrastructure budgeted) •23 park-owned homes — many recently acquired and ready for repositioning or resale •Individually metered utilities streamline future operations •Strong upside via rent increases, home sales, and infill/expansion Location: Located near the Piedmont Triad near Winston-Salem, High Point, and Greensboro, a region experiencing job growth and high demand for affordable housing. Terms: •$2.4M seller financing with $800K down •Or $1.9M all-cash, quick close Rent roll and July 2024 appraisal available in DD with signed CA.
    60 days
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    271
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