101 Bay Meadow Court, Lexington, NC 27292

Local realty services provided by:Better Homes and Gardens Real Estate Paracle
#1#2#3
101 Bay Meadow Court,Lexington, NC 27292
$850,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:landon stone
Office:real broker llc.
MLS#:1185606
Source:NC_TRIAD

Price summary

  • Price:$850,000

About this home

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 ˜ $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.

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Home facts

  • Year built:1986
  • Listing Id #:1185606
  • Added:50 day(s) ago
  • Updated:August 12, 2025 at 04:47 AM

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric, Heat Pump

Structure and exterior

  • Year built:1986

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Tax amount:$5,263
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