Matthews · Matthews, NC
4520 Morningwood Drive #4
Matthews, NC · 720 sqft
$150,000
- 2Beds
- 1Baths
- 720SqFt
- 1969Year
- 84X 121X 83X 121Lot
- 3Days on market
About this home
This is a great opportunity for investors to acquire an investment asset featuring a mobile home on a .23-acre lot in one of Matthews’ most desirable areas. The primary value is in the land, which offers tremendous potential within a rapidly developing subdivision surrounded by new site-built homes. The property is ideally located just minutes from downtown Matthews, providing easy access to I-485, local schools, shopping, the Four Mile Creek Greenway, and community events. It also offers a convenient commute to Charlotte and the surrounding area. Sold "as-is, where-is" and subject to the seller’s life estate. Cash offers only with Proof of Funds (POF).No HOA. Electricity is provided by Duke Energy, water by Carolina Water Service, and sewer is on septic. The property may qualify for a Matthews Accessory Dwelling Unit (ADU); please refer to the attached regulations or contact Matthews Planning for building requirements and restrictions. Do not walk the property or disturb the tenant. The seller has never lived in the home and makes no representations regarding the structure. For more information regarding the life estate, property details, or showings, please call listing agent. No showings allowed.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 720
- Lot
- 84X 121X 83X 121
- Year built
- 1969
- Type
- Single Family
- Days on market
- 3
- Heating
- Central, Forced Air, Oil
- Cooling
- Window Unit(s)
- Foundation
- Permanent
- Flooring
- Linoleum
Features
- Storage
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,103/ month
- Principal & interest
- $928
- Property tax (~1.05%)
- $131
- Homeowners insurance
- $43
- HOA dues
- —
Down payment
$7,500 down · $142,500 financed
Income to qualify (28% rule)
~$47,313 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.