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. 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.

Location

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ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.