Mountain Island Lake Homes for Sale

Development Opportunity in Booming Northwest Charlotte with two parcels: 02517135 & 02517133. This lot is fully prepped for development in one of Charlotte’s fastest-growing areas. Shovel ready. Seller finance is available. Motivated seller. * Approved Plans: Currently approved for ten townhomes and one ADU (with relocation of existing modular home). * Unit Design: Architectural & structural engineering plans completed. Each townhome designed at approx. 1,305 sq. ft., 3 bedrooms, 3 bathrooms. * Surveys Completed: Includes topographical and tree surveys. Existing Home * Existing Modular Home may be moved for ADU: 3 bedrooms + den, 2 bathrooms. Cost ~$25K to $30K to move the modular home to the back of the property and rebuild as ADU. (Buyer verifies the cost.) * Rental Income: Currently leased at $2,000/month. * Developer may consider build five triplex by moving the modular home out of the property.

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