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828-674-0900
Real Estate Company
100, 102-109, 111 Ross Street, Morganton, NC 28655
- $6,999,500
- 1,000
- SqFt
- List Price
- $6,999,500
- MLS#
- 4344560
- Status
- ACTIVE
- Property Type
- Residential Income
- Year Built
- 9999
- Days on Market
- 258
- Lot Size
- 355,885
- Lot Size Area
- 8.17
- Living Area
- 1,000
- Sq Ft Total
- 1000
- County
- Burke
Property 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.
Additional Information
- Equipment
- Other
- Foundation
- Crawl Space
- Laundry Location
- Other - See Remarks
- Heating
- Other - See Remarks
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Aluminum, Vinyl
- Roof
- Aluminum, Composition, Metal
- Parking
- Driveway, Parking Space(s)
- Driveway
- Asphalt, Paved
- Elementary School
- Mountain View
- Middle School
- Walter Johnson
- High School
- Freedom
- Special Conditions
- None
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Listing courtesy of C Shane Cook & Associates. AllenKCurtis@gmail.com
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