Property Details
100, 1 Ross Street
Morganton
$6,999,500
MLS Number: 4344560
Status: Active
Description
Vintage 52 Unit Mobile Home Park and 3 Developable acres with great cash flow in Morganton. Sitting within an opportunity zone just off I-40 Exit 103 near Chik-fil-a, Chicken Salad Chick, Lowes Hardware, Rural King, Western Piedmont Community College and so much more! 40 seller-owned units and 12 tenant-owned units with an average rent of $833/month. Gross monthly cash flow of $43,330 and a 7% Cap Rate. Sorry, no owner-financing available. Conveyance of personal property (40 homes) will be by bill-of-sale only along with the deeds to the three parcels. Water is master-metered and runs approx. $800/month Sewer is master-metered and runs approx. $1200/month Taxes are $7000.00/year Drive-by looks are ok but please DO NOT DISTURB THE TENANTS.
Location |
|
|---|---|
| Address | 100, 1 Ross Street Morganton |
| County | Burke |
Overview |
|
| Bedrooms | 0 |
| Full Bathrooms | 0 |
| Half Bathrooms | 0 |
| Square Feet | 1000 sqft |
| Lot Size | 8.17 acres |
| Year Built | 9999 |
General |
|
| List Price | $6,999,500 |
| MLS Number | 4344560 |
| Status | Active |
| Office | C Shane Cook & Associates |
Schools |
|
| Elementary | Mountain View |
| Middle | Walter Johnson |
| High | Freedom |
Features |
|
| Type | Portfolio |
| Parking | Driveway, Parking Space(s) |
| Water/Sewer | City |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 03/11/26 4:34 am EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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