100, 102-109, 111 Ross Street
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$6,999,500
Community: Morganton in Burke County
Thank You!
You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here
If You Have Any Other Questions, Call Us At 1(888)-247-3466
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.
Original Listing Price:
6,999,500
MLS #: 4344560
Listing Status: Active
Days on Market: 2
Buying Firm Commission: Test
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Property Features
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Water: City
Year Built: 9999
Basement/Foundation: Crawl Space
Sewer: Public Sewer
Heating/Cooling: Other - See Remarks
Cooling: Other - See Remarks
Garage/Carport: Driveway,Parking Space(s)
Roof: Aluminum,Composition,Metal
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Schools
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- High School: Freedom
- Middle School: Walter Johnson
- Elementary School: Mountain View