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116 Lipe Road, Troutman, NC 28166

For Sale

$750,000

3 beds • 1 baths • 1,025 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $731.71
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This 5.9-acre property is an incredible opportunity for real estate investors looking to grow their rental portfolio in a prime location. Situated just 1 mile from I-77 and less than 15 minutes from Lake Norman State Park, the property offers both convenience and strong demand for rental housing. Two existing homes, located at 116 & 128 Lipe Rd, will remain with the property at closing, allowing investors to begin generating rental income right away. With well and septic already in place and most of the acreage cleared, there is plenty of room to add additional homes, creating the potential for a steady stream of income-producing properties all on one site. While the property has been rezoned Neighborhood Business (NB), the county permits continued residential use, making it especially attractive for investors who want to focus on rental income while holding land that has strong future development potential. The existing zoning also provides long-term flexibility should an investor choose to transition the property into commercial or mixed-use purposes down the road. Opportunities like this-where you can start earning rental income immediately while also securing acreage with future upside-are rare in today's market. Whether you're looking to hold and rent, expand with additional homes, or strategically plan for future development, this property provides a unique investment with multiple pathways to long-term growth and cash flow.
MLS# 4296395

Courtesy Of RE/MAX Properties Plus, Inc.

(704) 871-9882

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    5.9 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 116 Lipe Road, Troutman, NC 28166

Home seller CENTURY 21 Lawrie Lawrence

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Lawrie Lawrence

(704) 458-4822
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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