3799 S HWY 150 HWY Active Save Request In-Person Tour Request Virtual Tour
Lexington,NC 27295
Key Details
Property Type Commercial
Sub Type Manufactured Home Park
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4289661
Year Built 1985
Lot Size 22.530 Acres
Acres 22.53
Property Sub-Type Manufactured Home Park
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/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.
Location
State NC
County Davidson
Zoning RM - 1
Interior
Inclusions Fixtures,Land
Exterior
Street Surface Gravel
Building
Dwelling Type Manufactured
Sewer Septic Installed,Septic Needed
Water Public,Tap Fee Required
New Construction false
Others
Senior Community false
Special Listing Condition None