308 Meadow Drive Lexington, NC 27295
Multi-Family (2-4 Units)
MLS #: 4223423
Courtesy Of Guardian Real Estate Group LLC
$549,900
20 beds
|
12 baths
|
1 half baths
|
7,760 sq ft
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Estimated monthly payments:
$2,404/mo.* (recalculate)
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Lot Size: 3.87 Acres
MAP & DIRECTIONS
School Information
308 Meadow Drive, Lexington, NC 27295
Elementary School
Grades PK-KG |
Public School
SOUTH LEXINGTON SCHOOL
Lexington, NC 27292
1000 Cotton Grove Rd
336.242.1544
Distance: 3.7 mi
Student:Teacher Ratio
14:1
Total Students
262
Elementary School
Grades KG-5 |
Public School
PICKETT ELEMENTARY SCHOOL
Lexington, NC 27295
200 Biesecker Rd
336.242.1546
Distance: 0.9 mi
School Rating
B-
Student:Teacher Ratio
15:1
Total Students
370
Middle School
Grades 6-8 |
Public School
LEXINGTON MIDDLE SCHOOL
Lexington, NC 27292
100 W Hemstead St
336.242.1567
Distance: 1.2 mi
School Rating
D+
Student:Teacher Ratio
16:1
Total Students
763
High School
Grades 9-12 |
Public School
LEXINGTON SENIOR HIGH SCHOOL
Lexington, NC 27292
26 Penry St
336.242.1574
Distance: 1.2 mi
School Rating
C-
Student:Teacher Ratio
17:1
Total Students
875
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Davidson Charter Academy | 1.1 mi | Public | KG-6 | B |
| Charles England Elementary School | 2.4 mi | Public | 1-5 | B |
| Southwest Elementary School | 2.8 mi | Public | 1-5 | C+ |
| Sheets Memorial Christian School | 2.9 mi | Private | PK-12 | |
| Stoner-thomas School | 3.6 mi | Public | KG-12 | |
| Welcome Elementary School | 3.7 mi | Public | KG-5 | D+ |
| South Lexington Developmental Center | 3.7 mi | Public | KG-12 | |
| Davidson Early College | 3.9 mi | Public | 9-12 | A |
| Yadkin Valley Regional Career Academy | 4.2 mi | Public | 9-12 | B |
| Davidson County High School | 4.2 mi | Public | 9-12 | D- |
| Reeds Elementary School | 4.6 mi | Public | KG-5 | D |
| Tyro Elementary School | 5.7 mi | Public | KG-5 | B- |
| Davis-townsend Elementary School | 5.7 mi | Public | KG-5 | B- |
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.
Demographic Data
Lexington, NC 27295
| Median Age: | 43.7 |
|---|---|
| Married: | 56% |
| Number of Households: | 16,743 |
| Households with Children: | 30.5% |
Lexington, NC 27295
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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