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
Open on Google Maps-
Address: 100, 102-109, 111 Ross Street, Morganton, North Carolina 28655
-
City: Morganton
-
State/county: NC
-
Zip/Postal Code: 28655
Details
Updated on February 9, 2026 at 8:55 pm-
Property ID 4344560
-
Price $6,999,500
-
Property Size 1000 m²
-
Year Built 9999
-
Property Type Portfolio, Residential Income
-
Property Status Active, For Sale
Additional details
-
Listing Terms Cash, Conventional, Nonconforming Loan
-
Roof Aluminum, Composition, Metal
-
Sewer Public Sewer
-
Cooling Other - See Remarks
-
Heating Other - See Remarks
-
County Burke
-
Property Type Residential Income
-
Parking Driveway, Parking Space(s)
-
Elementary School Mountain View
-
Middle School Walter Johnson
-
High School Freedom
Features
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
Contact Information
View ListingsSimilar Listings
90, 60 & 132 Hennessee Street, Clyde, North Carolina 28721
90, 60 & 132 Hennessee Street, Clyde, North Carolina 28721, Clyde, NC- Beds: 5
- Baths: 4
- 1792 m²
- Portfolio, Residential Income
316 Stevenson Cove Road, Waynesville, North Carolina 28785
316 Stevenson Cove Road, Waynesville, North Carolina 28785, Waynesville, NC- Beds: 9
- Baths: 8
- 5176 m²
- Portfolio, Residential Income
520 Courtwood Lane Unit 1-8, Hendersonville, North Carolina 28739
520 Courtwood Lane Unit 1-8, Hendersonville, North Carolina 28739, Hendersonville, NC- Beds: 8
- Baths: 8
- 4832 m²
- Portfolio, Residential Income
61 State Street, Asheville, North Carolina 28806
61 State Street, Asheville, North Carolina 28806, Asheville, NC- 19322 m²
- Portfolio, Residential Income
- The Simpson Group Realty