This 5.9-acre property is an incredible opportunity for real estate investors looking to grow their rental portfolio in a prime location. Situated just 1 mile from I-77 and less than 15 minutes from Lake Norman State Park, the property offers both convenience and strong demand for rental housing. Two existing… Read More homes, located at 116 & 128 Lipe Rd, will remain with the property at closing, allowing investors to begin generating rental income right away. With well and septic already in place and most of the acreage cleared, there is plenty of room to add additional homes, creating the potential for a steady stream of income-producing properties all on one site. While the property has been rezoned Neighborhood Business (NB), the county permits continued residential use, making it especially attractive for investors who want to focus on rental income while holding land that has strong future development potential. The existing zoning also provides long-term flexibility should an investor choose to transition the property into commercial or mixed-use purposes down the road. Opportunities like this—where you can start earning rental income immediately while also securing acreage with future upside—are rare in today’s market. Whether you’re looking to hold and rent, expand with additional homes, or strategically plan for future development, this property provides a unique investment with multiple pathways to long-term growth and cash flow. Read Less
Courtesy of RE/MAX Properties Plus, Inc., Kristin Hildebrand, [email protected].
Listing Snapshot
Days Online
36
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,025
Lot Size
5.9 Acres
Year Built
1924
MLS Number
4296395
30 Days Snapshot Of 28166
$630k
+49%
(avg) sold price
26
-53%
homes sold
68
+47%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "Other"
Building
Finished Area Above Grade: 1025, Area: 1025, Building Area: 1025, Construction Materials: "Other - See Remarks", Year Built: 1924, Construction Type: Manufactured, Site Built
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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