115 Washburn Lake Road, Reidsville, North Carolina 27320, HOA KỲ

Investor Alert! Catfish and Carp Enthusiasts Welcome! Discover a unique opportunity to generate steady income while enjoying a recreational area. This property has easy access to Highway 29 at Exit 149. Washburn Mobile Home Park has 31 rented lots, each generating $300 in monthly income, two requiring new septic systems, potential for 33 rentable lots. Community well with septic systems. Washburn Lake was a cherished fishing & tournament spot from 1947 to its closure in 2021. The lake spans 58.8 acres and features three ponds: an approximately 8-acre catfish lake, a 2-acre pond for carp, and a 1-acre pond for raising. A small building at the large Lake was previously used for selling bait & tackle. The property is outside the Reidsville city limits but within the City's (ETJ). The mobile home park is a grandfathered use, established before local zoning ordinances. If the park is to be expanded, the owner must apply for a special use permit to comply with the latest zoning regulations. The mobile home park's address is 115 Washburn Lake Road, Reidsville, NC 27320. Lakes are at the end of the road.