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
July 2024 appraisal available with signed CA.
Property listed under Commercial and Residential Multi-family see MLS ID: 4289661 & 4290068
Property Type(s):
Commercial
|
Year Built
|
1985
|
County
|
Davidson
|
Additional Details
| LOT |
22.53 acre(s) |
| LOT DIMENSIONS |
22.53 |
| MLS STATUS |
Active Under Contract |
| SEWER |
Septic Tank, Septic Needed |
| WATER |
Public |
Location
Listed with Premier Real Estate Team Inc.
Date last updated: 1/11/26 11:13 PM PST
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