3799 S NORTH CAROLINA HWY 150 Lexington NC 27295

Premier Real Estate Team is pleased to present West Park Trailer Park, a ±50-pad mobile home community located in Lexington, North Carolina. This offering provides investors with a rare opportunity to acquire a stabilized, income-producing asset with significant development upside and below-market rents.

The property includes 39 fully developed pads, all 11 expansion pads have municipal approvals, and infrastructure components such as water taps, electric, and septic are budgeted and ready for next-phase development. The ownership mix includes 23 park-owned homes (many recently acquired and ready for repositioning) and individually metered utilities, reducing management complexity.

Located in the growing Piedmont Triad region, West Park benefits from proximity to Winston-Salem, High Point, and Greensboro, submarkets experiencing strong job growth and sustained demand for affordable housing. This property is ideally suited for investors seeking stabilized yield with clear value-creation potential via rent adjustments, home sales, expansion, or reconfiguration.

The seller is offering flexible terms, including seller financing with a minimum down payment of $1.6M, or a discounted $2.1 million cash price for a quick close. This structure provides an attractive entry point for mobile home park operators, developers, or private equity groups seeking scalable assets with immediate value-add potential.

Appraisal available in DD via signed CA.

• Purchase Price: $2.4M with seller financing (minimum $1.6M down) or $2.1M cash

• Recently Appraised in July 2024 for 2.6M

• Total Pads: 50 total (39 developed + 11 approved expansion pads)

• Ownership Mix: 23 park-owned homes, remainder tenant-owned

• Utilities: City water, individual electric meters, private septic (one-to-one per home)

• Rent Range: Currently $450–$750/month; market rent supports $650–$850/month

• Expansion Capex: ~$12,500 per pad (including water tap, electric run, septic install, and concrete pad).

Buyers should verify all costs independently; no warranties expressed or implied.

• Repositioning Potential: Home rehabs, rent increases, pad fill, lot line reconfiguration

• Zoning: Previously approved for expansion (11 pads); buyer to verify permit status and timelines. No known

environmental issues.

• Management: Professionally managed with on-site support

• Regional Growth: Located in Lexington, NC, a strong affordable housing submarket in the growing Piedmont Triad