$850,000
PENDING

101 Bay Meadow Ct Lexington, NC 27292

Estimated payment $4,950/month

Total Views 26,764
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1.87 Acre Lot
  • Central Air
  • Carpet
  • No HOA

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.

Listing Agent

Landon Stone

Real Broker LLC License #295454 Listed on: 06/25/2025

Real Broker LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,263

Year Built

  • Built in 1986

Lot Details

  • 1.87 Acre Lot
  • Street terminates at a dead end

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Parking

  • No Garage
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 11342M0000337000
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 6,800 Sq Ft Building

Building Details

  • 9 Leased Units
  • New Taxes Expense $5,263

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,263

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.87
  • Directions: Both Brick Buildings are this Apartment.
  • Architectural Style: Two Story
  • Year Built: 1986
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_LandDescription: Dead End
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Vinyl
  • Basement YN: No
  • Basement YN: No

Exterior Features

  • Lot Features: Dead End
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Paved, No Garage
  • Garage Description: None

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 11342M0000337000
  • Zoning: TN
  • TRIADMLS_PricePerAcre: 454545.4545
  • TRIADMLS_DeedPage: 500
  • TRIADMLS_DeedBook: 2580

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 12
  • Number Of Units Leased: 9

Tax Info

  • New Taxes Expense: 5263
  • Tax Annual Amount: 5263
  • Tax Year: 2024
  • TRIADMLS_TaxRate: 1.31

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Pending -- -- --
06/25/2025 06/25/25 For Sale $850,000 +153.7% --
08/24/2018 08/24/18 Sold $335,000 -30.9% --
04/11/2018 04/11/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $484,900 +29.3% --
09/01/2016 09/01/16 Sold $375,000 +25.0% --
08/12/2016 08/12/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $300,000 -- --
Source: Triad MLS

About the Listing Agent

Landon Stone

Real Broker LLC

(336) 585-8831

Section Image

As a premier real estate team, we specialize in serving investors, luxury buyers and sellers, and those looking to build long-term wealth through real estate. Whether you're purchasing your first investment property or home, selling a high-end property, or expanding your portfolio, our team provides expert guidance every step of the way.

Our industry-leading marketing strategies ensure maximum exposure for every listing, while our exclusive partnership with PLACE provides cutting-edge

Landon's Other Listings

  • 4093 Greene Haven Dr, Winston Salem, NC 27107

    $900,000 Under Contract

    • 4093 Greene Haven Dr
    • Winston Salem, NC

    Looking to add to your investment portfolio? Look no longer. We have 8 units for sale: 4035, 4055, 4067, 4075, 4069, 4071, 4091, 4093 all units have been updated in the last 2-3 years, 100% occupied. Current market rents are $1195 per unit. Interior pictures are from when renovations were first done. HOA fee covers trash, landscaping, and exterior maintenance. Rent rolls and financials available

    Landon Stone Real Broker LLC

    Section Image
  • 4000 Greene Haven Dr, Winston-Salem, NC 27107

    $900,000

    • 4000 Greene Haven Dr
    • Winston-Salem, NC

    Looking to add to your investment portfolio? Look no longer. We have 8 units for sale: 4035, 4055, 4067, 4075, 4069, 4071, 4091, 4093 all units have been updated in the last 2-3 years, 100% occupied. Current market rents are $1195 per unit. Interior pictures are from when renovations were first done. HOA fee covers trash, landscaping, and exterior maintenance. Rent rolls and financials

    Landon Stone Real Broker LLC

    Section Image
  • 3133 Chapel St, Walkertown, NC 27051

    $296,000 Under Contract

    • 3 Beds
    • 2 Baths
    • 1,397 Sq Ft
    • 3133 Chapel St
    • Walkertown, NC

    Up to $5k in Seller Incentives. PLUS $15k Down Payment Assistance for eligible buyers. Lot 3- Magnolia Plan in Walkertown's newest Chapel St enclave of just six homes. Craftsmen inspired exterior modern vinyl siding with a welcoming covered entry. This single level 3BR/2BA ranch supplies appx 1400 sq ft of stair-free living on a slab foundation. Great room layout unites living, dining and

    Landon Stone Real Broker LLC

    Section Image
  • 3139 Chapel St, Walkertown, NC 27051

    $295,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,410 Sq Ft
    • 3139 Chapel St
    • Walkertown, NC

    Up to $5k in Seller Incentives. PLUS $15k Down Payment Assistance for eligible buyers.Lot 2 – in Walkertown's boutique Chapel St enclave of just six new homes. One of 3 floor-plan options in the collection, this single-level 3 BR / 2 BA ranch delivers 1,400 + sq ft of stair-free living atop a durable slab foundation. A Craftsman-accented facade with modern vinyl siding and covered porch

    Landon Stone Real Broker LLC

    Section Image
  • 3145 Chapel St, Walkertown, NC 27051

    $299,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,404 Sq Ft
    • 3145 Chapel St
    • Walkertown, NC

    Up to $5k in Seller Incentives. PLUS $15k Down Payment Assistance for eligible buyers.Brand new 2025 construction in Walkertown- ready end of May 2025. Single level, 3BR/2BA ranch on slab offers 1400+ sq ft of stair-free living. Open floor plan flows to a kitchen planned with Shaker cabinetry, solid surface counters and stainless steel appliances- fridge included! Oversized private primary

    Landon Stone Real Broker LLC

    Section Image
  • 3127 Chapel St, Walkertown, NC 27051

    $299,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,404 Sq Ft
    • 3127 Chapel St
    • Walkertown, NC

    Up to $5k in Seller Incentives. PLUS $15k Down Payment Assistance for eligible buyers.Brand new 2025 construction in Walkertown. Single level, 3BR/2BA ranch on slab offers 1400+ sq ft of stair-free living. Open floor plan flows to a kitchen planned with Shaker cabinetry, solid surface counters and stainless steel appliances- fridge included! Oversized private primary suite boasts own bathroom

    Landon Stone Real Broker LLC

    Section Image
  • 3121 Chapel St, Walkertown, NC 27051

    $295,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,410 Sq Ft
    • 3121 Chapel St
    • Walkertown, NC

    Up to $5k in Seller Incentives. PLUS $15k Down Payment Assistance for eligible buyers.Lot 5 in Walkertown's boutique Chapel St enclave of just six new homes. One of 3 floor-plan options in the collection, this single-level 3 BR / 2 BA ranch delivers 1,400 + sq ft of stair-free living atop a durable slab foundation. A Craftsman-accented facade with modern vinyl siding and covered porch invites

    Landon Stone Real Broker LLC

    Section Image
  • 3115 Chapel St, Walkertown, NC 27051

    $296,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,397 Sq Ft
    • 3115 Chapel St
    • Walkertown, NC

    Up to $5k in Seller Incentives. PLUS $15k Down Payment Assistance for eligible buyers.The Magnolia Plan- in Walkertown's newest Chapel St enclave of just six homes. Craftsmen inspired exterior modern vinyl siding with a welcoming covered entry. This single level 3BR/2BA ranch supplies appx 1400 sq ft of stair-free living on a slab foundation. Great room layout unites living, dining and

    Landon Stone Real Broker LLC

    Section Image
  • 1702 J Ave, Greensboro, NC 27403

    $157,500 Under Contract

    • 2 Beds
    • 1 Bath
    • 754 Sq Ft
    • 1702 J Ave
    • Greensboro, NC

    Turn-key Piedmont Heights bungalow! 1702 J Ave delivers 750+ sq ft of clean, low-maintenance living with 2 bedrooms, 1 refreshed bath. Brand-new luxury vinyl plank floors and fresh paint create a crisp interior palette, while the redesigned kitchen shines with Shaker cabinets, updated-tile backsplash, granite counters and stainless appliances. The full bath boasts a new tub, surround and

    Landon Stone Real Broker LLC

    Section Image

Source: Triad MLS

MLS Number: 1185606

Triad MLS