About 141 Cardinal Lane
Excellent opportunity to own a refreshed and income-producing 3 Bedroom, 2 Bath manufactured home on a spacious 0.9 acre lot. Offering 1,512 sq. ft. of living space, this home was built in 1999 and has been updated twice in recent years - most recently in February 2025. Upgrades include new LVP and vinyl flooring (2021), new carpet (Feb 2025), and a GE range (Dec 2022), ensuring modern appeal and reduced near-term maintenance costs. Currently tenant-occupied, the property provides immediate rental income and now achieves a 7.1% cap rate at the reduced price of $148,500. With current rents still below market value, investors will appreciate the upside potential for increased returns. Showings must be coordinated with the leasing office, and tenants require 48-hour notice. Available Monday through Friday between 10 AM and 4 PM. Additional financials available upon request - contact Jessica today for details or to schedule a showing. With steady cash flow, a prime 7.1% cap rate, and strong rental demand, this is a versatile investment or ownership opportunity in a growing market.
Features of 141 Cardinal Lane
MLS® # | 10128108 |
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Price | $148,500 |
Bedrooms | 3 |
Bathrooms | 2.00 |
Full Baths | 2 |
Square Footage | 1,512 |
Acres | 0.90 |
Year Built | 1999 |
Type | Residential Income |
Sub-Type | Manufactured On Land |
Status | Active |
Community Information
Address | 141 Cardinal Lane |
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Subdivision | Key Estates |
City | Henderson |
County | Vance |
State | NC |
Zip Code | 27537-3576 |
Amenities
Parking Spaces | 3 |
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Parking | Driveway |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Heat Pump |
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Cooling | Central Air |
Fireplace | No |
# of Stories | 1 |
Stories | One |
Has Basement | No |
Exterior
Roof | Shingle |
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Construction | Vinyl Siding |
Foundation | Block, Brick/Mortar |
School Information
Elementary | Vance - New Hope |
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Middle | Vance - Vance County |
High | Vance - Vance County |
Additional Information
Date Listed | October 16th, 2025 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 132 |
HOA Fees Freq. | Annually |
Listing Details
Office | Taylor Realty & Investment Grp |
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