Mooresville · Mooresville, NC
427 E Mills Avenue
Mooresville, NC · 2,224 sqft
$275,000
- 3Beds
- 1.5Baths
- 2,224SqFt
- 1927Year
About this home
Exceptional investment and redevelopment opportunity in one of Mooresville's fastest-growing areas. Situated on approximately 0.6 acres just minutes from vibrant Downtown Mooresville, this property offers the location, size, and potential that developers and investors are actively seeking. The surrounding area is experiencing significant residential growth and redevelopment, creating strong momentum for future projects. With nearly double the acreage of some nearby redevelopment sites, this property presents a rare opportunity to secure a larger footprint in a rapidly evolving market. Located near the heart of Mooresville, you'll enjoy convenient access to Lake Norman recreation, local parks, shopping, dining, entertainment, healthcare, and major commuter routes while still benefiting from the charm and stability of an established neighborhood setting. Whether you're looking to develop, hold for appreciation, or explore future redevelopment possibilities, opportunities like this are becoming increasingly difficult to find. Take advantage of the area's continued growth and position yourself in a location where investment activity is already driving value.
Property details
- Beds
- 3
- Baths
- 1.5
- SqFt
- 2,224
- Lot
- —
- Year built
- 1927
- Type
- Single Family
- Style
- Ranch
- Heating
- Forced Air
- Cooling
- Ceiling Fan(s)
- Foundation
- Crawl Space
- Flooring
- Wood
Features
- Kitchen Island
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,989/ month
- Principal & interest
- $1,703
- Property tax (~0.90%)
- $206
- Homeowners insurance
- $80
- HOA dues
- —
Down payment
$13,750 down · $261,250 financed
Income to qualify (28% rule)
~$85,269 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she 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.