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Red Tip Ln
Lexington, NC 27295
Red Tip Lane Mobile Home Park · Land For Sale
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5.46 AC
INVESTMENT HIGHLIGHTS
- 11 total pads with established tenant occupancy
- Tenant-owned homes – park collects pad rent only
- Low management and maintenance requirements
- Public water and septic hookups for each lot
- Tenants pay all utilities and maintain their own lawns
EXECUTIVE SUMMARY
Current lot rents are below market (average lot rent is currently ~$185/month), offering immediate potential for increased revenue through rent adjustments to align with prevailing market rates ($300-$350/month per nearby comparable communities).
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 5.46 AC |
| Property Type | Land | ||
| Zoning | RA3 - Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.46 AC |
| Zoning | RA3 - Residential |
1 LOT AVAILABLE
Lot
| Price | $619,790 CAD | Lot Size | 5.46 AC |
| Price Per AC | $113,514.56 CAD |
| Price | $619,790 CAD |
| Price Per AC | $113,514.56 CAD |
| Lot Size | 5.46 AC |
Red Tip Lane Mobile Home Park is a 5.46-acre property located in Lexington, NC, featuring 11 established mobile home pads with public water and individual septic systems.
DESCRIPTION
The site is located on Red Tip Lane in Lexington, North Carolina, and spans approximately 5.46 acres. It is currently developed as a mobile home community with 11 established pads. Each pad is equipped with public water service and an individual septic system, providing essential infrastructure for residential use. The homes on the property are tenant-owned, and the layout supports a lot-rent-only arrangement, meaning the land provides utility connections while residents maintain their own homes and yards. The property is situated in a quiet residential setting within the Lexington area, offering convenient access to local roads and regional thoroughfares. The surrounding environment reflects a stable community atmosphere, and the zoning designation is RA3, which accommodates residential uses and allows flexibility for continued operation as a mobile home park or other compatible residential development. The site’s configuration and existing utility hookups make it suitable for low-maintenance occupancy.
