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$6,999,500
1,000 sqft
100, 102-109, 111 Ross Street
Morganton, NC 28655
Active
Property Type
Residential Income
Year Built
9999
Lot Size
—
Garage
—
About This Home
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.
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.
Property Details
Interior
- Living Area
- 1,000 sqft
Exterior & Lot
- Year Built
- 9999
Location
- County
- Burke
- ZIP Code
- 28655
Financial
- Listing Terms
- Cash, Conventional, Nonconforming Loan
Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- Mountain View
- Middle School
- Walter Johnson
- High School
- Freedom
Appliances
Other
Location
Listing Information
- MLS #
- CAR4344560
- Listing Agent
- Allen Curtis
- Listing Office
- C Shane Cook & Associates
- Listed Date
- Mar 15, 2026
Contact Scott Beattie About This Property
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