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$549,900

Beds
20
Baths
12.5
sq ft
7,760

308 Meadow Drive, Lexington, NC 27295

308 Meadow Drive

Lexington, NC 27295

  • 5 days on market
Discover Sleepy Meadows Mobile Home Park, a strategically located 10-unit mobile home park with an additional stick-built home, offering a unique investment opportunity in the heart of Lexington. This established community features many long-term tenants, ensuring steady cash flow and tenant stability. One tenant handles property upkeep in exchange for free rent, helping to keep operational costs down. For investors looking for value-add potential, the county has approved the addition of more mobile homes and the park is grandfathered in to replace mobile homes when needed. This creates an opportunity to increase revenue. Coin laundry on-site creating more revenue. While some of the existing units may require work, this presents a chance to enhance the property and boost long-term profitability. Whether you’re a seasoned investor or new to the mobile home park asset class, Sleepy Meadows offers stability, expansion potential, and a prime location.

Details

Property type

Lot size

Unknown

Price per sq ft

$71

Year built

1951

Price History

02/17/2025
CanopyMLS

CanopyMLS #4223423

Listed
$549,900

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Status: Active

Tomo last checked: 02/23/2025 at 1:35 PM

Listing updated: 02/17/2025 at 7:39 PM

Listed by: Josh Wilson, Guardian Real Estate Group LLC Phone #: (704) 880-4426

MLS: CanopyMLS #4223423

CanopyMLS logo

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