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$ 850,000
Est. payment | /mo
1.87 Acres Lot
$ 850,000
Est. payment | /mo
1.87 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1185606
HOA Y/N No
Year Built 1986
Lot Size 1.870 Acres
Acres 1.87
Property Sub-Type Apartment
Source Triad MLS
Property Description
Investor alert—12-unit brick complex in fast-growing Lexington! 101-123 Bay Meadow Ct offers two matching 2-story buildings on a quiet cul-de-sac: six ground-floor and six upper 1 BR/1 BA flats, each with living room and in-unit laundry. Most boast fresh flooring, paint, updated baths & kitchens; three are leasing now to hit 100 % occupancy. Avg rents $825 + with upside toward $900, for ˜ $120K/yr gross. Separate electric & water meters keep costs down—owner only covers trash & landscaping. Listed $850K = ±8.5 % pro-forma cap with value-add left. Durable brick, vinyl windows, low-care grounds. Quick access to I-85, Toyota Megasite & booming job hubs means strong tenant pool. DO NOT DISTURB RESIDENTS. Agents—see Agent-Only Remarks for showings, rent roll & T-12.
Location
State NC
County Davidson
Interior
Heating Heat Pump, Electric
Cooling Central Air
Flooring Carpet, Vinyl
Appliance Electric Water Heater
Laundry Washer/Dryer Connection
Exterior
Parking Features None
Pool None
Landscape Description Dead End
Building
Lot Description Dead End
Sewer Public Sewer
Water Public
Architectural Style Two Story
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Landon Stone of Real Broker LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "