100, 102-109, 111 Ross Street, Morganton, NC 28655

Morganton
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
Listed by: allen curtis
Office: c shane cook & associates
MLS#:4344560
Source:CH
100, 102-109, 111 Ross Street,Morganton, NC 28655
$6,999,500
  • - Beds
  • - Baths
  • 1,000 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$6,999,500
  • Price per sq. ft.:$6,999.5

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.

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Home facts

  • Year built:9999
  • Listing ID #:4344560
  • Updated:March 30, 2026 at 01:20 PM

Rooms and interior

  • Living area:1,000 sq. ft.

Structure and exterior

  • Roof:Aluminum, Composition, Metal
  • Year built:9999
  • Building area:1,000 sq. ft.
  • Lot area:8.17 Acres
  • Construction Materials:Aluminium, Vinyl
  • Foundation Description:Crawl Space

Schools

  • High school:Freedom
  • Elementary school:Mountain View

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$6,999,500
  • Price per sq. ft.:$6,999.5

Parking

  • Parking description:Driveway
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