101 Bay Meadow Court
Lexington, NC 27292
1.87 acres | #1185606
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.
Property Details
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- StyleTwo Story
- Property SubtypeApartment
- Lot DescriptionDead End
- CountyDavidson
- MLS #1185606
- MLS #1185606
- Utility SourcePublic
- Taxes Annual$5,263
- Cost850000
- Acres1.87
- Year Built1986
Location
Legal
Listings identified with the TRIADMLS IDX logo come from TRIADMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.
Last Updated: . Source: TRIADMLS
Listing Courtesy
Listing Agent: Landon Stone (#295454)
Listing Office: Real Broker LLC (#GREALBKR01)
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