Extremely unique investment opportunity awaits on W Highview Ln minutes from growing downtown Lincolnton!! This property includes 3 separate parcels (51604, 51605, 51606) which together are just shy of 10 acres. Zoned R-25 and a tiny portion of parcel 51606 is zoned GMC. Parcels will NOT be sold separately. There are 4 stick built homes that are currently rented and 2 stick built homes that are vacant. 2 mobile homes are currently rented and 5 mobile homes are currently uninhabitable and likely would need to be removed which opens up the possibility for ground leasing for 4 of them or replacement. Homes are on a shared Community Well, aside from 1275 West Highview (the only home on its own parcel, 51605) which has its own well. There is also a city water tap available. All rents are below current market value. Only 1 has a written lease (trailer for $400). All others are verbal month to month. Motivated seller! Please do not disturb tenants!
MLS # | 4222447 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1956 |
Days On Site | 119 |
Listing Provided By | EXP Realty LLC Ballantyne | Lindsey Kendrick |
SQ Feet | 5,675 |
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Car Port | Yes |
Units | 13 |
Acreage | 9.85 |
Cooling | Ceiling Fan(s), Central Air, Window Unit(s) |
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Heating | Heat Pump, Other - See Remarks |
Appliances | Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator |
Construction Materials | Aluminum, Vinyl |
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Foundation Details | Crawl Space, Pillar/Post/Pier |
Garage Yes / No | No |
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Parking Features | Attached Carport, Driveway |
List Aor | Canopy Realtor Association |
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Property | 604120 |
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State | NC |
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County | Lincoln |
City | Lincolnton |
Zip Code | 28092 |
Area | Lincoln |
School District | Lincolnton |
Elementary School | S. Ray Lowder |
Middle School | Lincolnton |
High School | Lincolnton |