Photo 1 of 18
$499,000
Sold on 5/02/25
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
20 |
12.10 |
7,760 |
0 |
1951 |
On the market:
73 days
|
View full details, 15 photos, school info, and price history
Discover Sleepy Meadows Mobile Home Park, a strategically located 10-unit mobile home park with an additional stick-built home, offering a unique investment opportunity in the heart of Lexington. This established community features many long-term tenants, ensuring steady cash flow and tenant stability. One tenant handles property upkeep in exchange for free rent, helping to keep operational costs down. For investors looking for value-add potential, the county has approved the addition of more mobile homes and the park is grandfathered in to replace mobile homes when needed. This creates an opportunity to increase revenue. Coin laundry on-site creating more revenue. While some of the existing units may require work, this presents a chance to enhance the property and boost long-term profitability. Whether you’re a seasoned investor or new to the mobile home park asset class, Sleepy Meadows offers stability, expansion potential, and a prime location.
Listing courtesy of Josh Wilson, Guardian Real Estate Group LLC