$6,999,500
Est. Payment: $35,977/mo
Adjust down payment, rate & terms
100, 102-109, 111 Ross St, Morganton, NC 28655
Morganton, NC 28655
0
bedrooms
0
baths
1,000
sq.ft.
$7000
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
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.
About the Neighborhood
Looking for the perfect Residential Income in Morganton? The 28655 zip code offers a unique blend of local amenities, convenient transit, and community charm, making it a fantastic area to call home. Reach out to learn more about the local real estate market in this specific neighborhood.
Property Features
Property Description
- Year Built: 9999
- Living Area: 1,000 sqft
- New Construction: No
- MLS #: 4344560
Association
- HOA Required: No
Interior Features
- Heating: Other - See Remarks
- Cooling: Other - See Remarks
- Other - See Remarks
Appliances
- Other
Construction Materials
- Aluminum
- Vinyl
- Foundation: Crawl Space
- Roof: Aluminum, Composition, Metal
Cooling
- Other - See Remarks
Foundation Details
- Crawl Space
Heating
- Other - See Remarks
Laundry Features
- Other - See Remarks
Parking Features
- Driveway
- Parking Space(s)
Pets Allowed
- Call
Road
- Road Responsibility: Publicly Maintained RoadPrivate Maintained Road
- Road Surface Type: Asphalt, Paved
Sewer
- Public Sewer
WaterSource
- City
Tax and Financial Info
- Listing Terms: Cash, Conventional, Nonconforming Loan
Location
LISTING COURTESY OF: C SHANE COOK & ASSOCIATES
AllenKCurtis@gmail.com
$6,999,500
Est. Payment: $35,977/mo
Adjust down payment, rate & terms
Morganton, NC 28655
0
bedrooms
0
baths
1,000
sq.ft.
$7000
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of C Shane Cook & Associates
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. 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. Properties may or may not be listed by the office/agent presenting the information.
$6,999,500
100, 102-109, 111 Ross Street
0 bed, 0 bath