NC > Lexington
Lexington, NC 27295,308 Meadow DR
See all 18 photos
Lexington, NC 27295,308 Meadow DR
Lexington, NC 27295,308 Meadow DR
Lexington, NC 27295,308 Meadow DR
Lexington, NC 27295,308 Meadow DR
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
21
Feb
Sat
22
Feb
Sun
23
Feb
Franklin Bellamy

Franklin Bellamy

+1(704) 904-5142
$ 549,900
Est. payment /mo
Save
New

308 Meadow DR Lexington, NC 27295

20 Beds

12.5 Baths

7,760 SqFt

UPDATED:

02/18/2025 12:36 AM

Key Details

Property Type Single Family Home

Sub Type Portfolio

Listing Status Active

Purchase Type For Sale

Square Footage 7,760 sqft

Price per Sqft $70

MLS Listing ID 4223423

Bedrooms 20

Full Baths 12

Half Baths 1

Abv Grd Liv Area 7,760

Year Built 1951

Lot Size 3.870 Acres

Acres 3.87

Property Sub-Type Portfolio

Property Description

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.

Location

State NC

County Davidson

Zoning RA3

Interior

Heating Other - See Remarks

Cooling Window Unit(s)

Appliance Other

Laundry Common Area

Exterior

Street Surface Dirt,Gravel

Garage false

Building

Dwelling Type Manufactured

Foundation Other - See Remarks

Sewer Septic Installed

Water City

Structure Type Vinyl

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Pets Allowed Conditional

Senior Community false

Acceptable Financing Cash, Other - See Remarks

Listing Terms Cash, Other - See Remarks

Special Listing Condition Subject to Lease

© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Josh Wilson • Guardian Real Estate Group LLC • josh@guardianrealestategrp.com

308 Meadow DR

advisor-avatar

This is the second house that we've purchased using Franklin's services. We've enjoyed working with him both times. He truly tries to help you find exactly what you are looking for. Franklin is very dedicated to his customer's needs, attentive to details, extremely knowledgeable and has great work ethics. And overall Franklin is a good guy. If you need to buy or sell property with minimal stress, I strongly recommend you call Franklin. "-

 

Iryna T.

+1(704) 904-5142

franklin@unlockingrealestate.co

1800 Central Ave, Charlotte, NC, 28205, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of Franklin Bellamy, including auto-dialed calls, texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call +1(704) 904-5142 to obtain direct assistance.

};