1. North Carolina
  2. Lexington
  3. 101 Bay Meadow Court
$850,000/mo

101 Bay Meadow Court, Lexington, NC 27292

  • Property Icon Rental
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon1.87acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Pending
Date Added:
June 25, 2025 at 05:00AM
Listing Office:
Real Broker LLC : 678-634-2169
Listing Agent:
Landon Stone : 336-515-6902
MLS ID:
1185606

This listing courtesy of Landon Stone, Real Broker LLC

Location

Schools Nearby

S

South Lexington School

1000 Cotton Grove Rd, Lexington, NC, 27292

Grades PK-KG

0.66 miles away

S

South Lexington Developmental Center

1000 Cotton Grove Rd, Lexington, NC, 27292

Grades KG-12

0.66 miles away

S

South Lexington Developmental Center

1000 Cotton Grove Rd, Lexington, NC, 27292

Grades KG-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.