Listing by: Allen Curtis, C Shane Cook & Associates, AllenKCurtis@gmail.com
0 Beds
n/a Full bath
1,000SqFt
Active
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.
Property Details | ||
|---|---|---|
| Price | $6,999,500 | |
| Lot Size Area | 8.17 | |
| Lot Size Area Units | Acres | |
| Property Type | MultiFamily | |
| MLS Sub type | Portfolio | |
| Year Built | 9999 | |
| Roof | Aluminum, Composition, Metal | |
| Heating | Other - See Remarks | |
| Foundation | Crawl Space | |
| Laundry Features | Other - See Remarks | |
| Parking Description | Driveway, Parking Space(s) | |
Geographic Data | ||
| County | Burke | |
| Latitude | 35.72112286 | |
| Longitude | -81.69586229 | |
Address Information | ||
| Address | 100, 102-109, 111 Ross Street, Morganton, NC 28655 | |
| Postal Code | 28655 | |
| City | Morganton | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | C Shane Cook & Associates | |
| Listing Office Phone | 828-437-7400 | |
| Listing Agent | Allen Curtis | |
| Listing Agent Phone | 828-443-7318 | |
| Attribution Contact | AllenKCurtis@gmail.com | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Terms | Cash, Conventional, Nonconforming Loan | |
School Information | ||
| Elementary School | Mountain View | |
| Middle School | Walter Johnson | |
| High School | Freedom | |
MLS Information | ||
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Feb 9, 2026 | |
| Listing Last Modified | Feb 9, 2026 | |
| Tax ID | 2702081302 | |
| MLS # | CAR4344560 | |
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
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