1180 Riverview Road Ext, Lexington, NC 27292

Investment Highlights

Dual-Income Producing Property

• Lakefront STR | YTD Gross: $28,326

Proven short-term rental with excellent guest reviews, repeat bookings, and upside potential

with optimized management and pricing.

• Mid-Term Guest Unit | YTD Gross: $5,112

~1,350 sq ft guest suite with full kitchen, pool table, and sleeping for 6.

Rents seasonally at $2,100/month (Oct–Mar) and has additional untapped long-term

demand—multiple inquiries were turned down ahead of sale.

Main Home (Lakefront)

• ~2,320 sq ft | 3 Bed / 2.5 Bath

• Direct lake access with private dock

• Gorgeous sunset views over the main channel

• Renovated bathrooms and modern interior updates

• Fully encapsulated crawlspace with professional-grade dehumidifier

• Available fully furnished – ready to rent or occupy immediately

• Operated successfully as a short-term rental since owner moved out

Bonus Guest Space (Same Parcel)

• ~1,350 sq ft + garage

• Large open-concept layout with full kitchen

• Pool table and entertainment space

• Sleeps 6 comfortably

• Ideal for STR overflow, mid-term rental, or long-term lease

• Strategically positioned to maximize total occupancy and rental flexibility

Recent Capital Improvements (~$160K+ Invested in 2022–2025)

• New Goodman 2-ton HVAC (2025)

• STAINMASTER premium flooring (2025)

• Added 352” of drain field line with 12” of gravel (2025)

• New tile showers in both upstairs bathrooms (2024)

• Fresh paint, new bathroom window

• Crawlspace encapsulation + commercial-grade dehumidifier (2024)

• White vinyl privacy fencing (2025)

• Upper HVAC system replaced (2021)

• Converted a garage into a game room (2023)

• Mini-split added to guest space (2023)

*Receipts and transferrable warranties available upon request

Desirable Location

• Located on High Rock Lake – NC’s second-largest lake, popular for recreation and vacation

  rentals

• Peaceful, protected cove with unmatched sunset views over the main channel

• Davidson County offers some of the lowest property tax rates in North Carolina, enhancing net

  returns for investors

• 1 hour from Charlotte, Greensboro, and Winston-Salem

• Easy access to I-85, nearby wineries, local dining, and retail

Turnkey Transition Opportunity

• Seller will introduce buyer to the property’s support team (cleaners, handyman, and listing

  setup assistance)

• Seamless relisting on Airbnb and VRBO

• Buyer can begin earning rental income immediately

• Excellent opportunity for investors seeking cash flow + flexibility

Strategic Exit Options

• Fully furnished and ready to operate or enjoy as a second home

• Strong candidate for 1031 Exchange

• Two distinct rentable areas provide hybrid use and creative structuring options

• Long-term appreciation potential in an established lakefront market