101 Bay Meadow Court, Lexington, NC 27292 (MLS # 1185606)

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PRICE $850,000 dsIDX morgage calculator
BEDS 0
BATHS 0
LOT SIZE 1.87 ac

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 Ëœ $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.

DAYS ON MARKET 1 LAST UPDATED 6/25/2025
YEAR BUILT 1986 COUNTY Davidson
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater
CONSTRUCTION Brick
GARAGE Yes
HEAT Electric, Heat Pump
LOT 1.87 acre(s)
PARKING Paved, No Garage
POOL DESCRIPTION None
SEWER Public Sewer
STYLE Two Story
TAXES 5263
WATER Public
MORTGAGE CALCULATOR
   

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Listed with Real Broker LLC
Date last updated: 6/26/25 5:17 AM PDT

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