Courtesy of: Nate Brink, Premier Real Estate Team Inc., nate@brinkcommercial.com
Courtesy of: Nate Brink, Premier Real Estate Team Inc., nate@brinkcommercial.com
$1,900,000
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Lot: 22.53 Acres
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Other
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$1,900,000
3799 S HWY 150 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. Property listed under Commercial and Residential Multi-family see MLS ID: 4289661 & 4290068
Courtesy of: Nate Brink, Premier Real Estate Team Inc., nate@brinkcommercial.com
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