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3799 S Hwy 150, Lexington, NC 27295

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For Sale

$1,900,000

22.53 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 22.5 acres
    Lot size

  • 31-40 Years Old
    Age

Explore this Property

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.
MLS# 4290068

Courtesy Of Premier Properties & Investmen

(704) 796-3433

Property Features

  • Age
    31-40 Years Old
  • Lot Size
    22.53 Acres

Map and Directions

Directions to 3799 S Hwy 150, Lexington, NC 27295

Home seller CENTURY 21 Towne & Country

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 Towne & Country

(704) 637-7721
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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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.