$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
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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
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