Sold

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

Sqft
1,000

View property features, location on map, relevant school information and overview from seller's agent.

Listed byC Shane Cook & Associates
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List Price
$6,999,500
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Overview

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.

Location

Full feature list

Basic info

Property type
Other residential
Square feet
1,000
Lot size (acres)
8.17

Public schools

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Sourced from: Canopy MLS MLS®#: 4344560 Last checked: …

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