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.
Address
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Address: 100, 102-109, 111 Ross Street
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City: Morganton
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State/county: NC
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Zip/Postal Code: 28655
Details
Updated on February 9, 2026 at 8:55 pm-
Property ID 4344560
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Price $6,999,500
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Property Size 1000 m²
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Year Built 9999
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Property Type Portfolio, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional, Nonconforming Loan
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Roof Aluminum, Composition, Metal
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Sewer Public Sewer
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Cooling Other - See Remarks
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Heating Other - See Remarks
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County Burke
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Property Type Residential Income
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Parking Driveway, Parking Space(s)
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Elementary School Mountain View
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Middle School Walter Johnson
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High School Freedom
Features
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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