MLS#4289661
STATUSActive Under Contract
PROPERTY TYPECommercial - Business
Property Description
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/expansionLocation: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 July 2024 appraisal available with signed CA.Property listed under Commercial and Residential Multi-family see MLS ID: 4289661 & 4290068
Property Features
Property Type: Commercial - Business
Lot Size: 22.53 Acres
Year Built: 1985
Feature Descriptions
Days on Site: 218
Parcel#: 1802400000025H
Sewer: Septic Installed, Septic Needed
Units: 50
Water: Public, Tap Fee Required
Listed By / Shown By
Listed By
Agency Name: Premier Real Estate Team Inc.
Agency Contact: nate@brinkcommercial.com
Shown By
Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175
3799 S Hwy 150 Highway | MLS# 4289661
This commercial property located at 3799 S Hwy 150 Highway, Lexington, NC 27295 is currently listed for sale with an asking price of $1,900,000. Search Lexington real estate on www.lakenormanrealty.com today.