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 Type(s):
Multi Family
|
Year Built
|
0
|
County
|
Burke
|
SCHOOLS
| Elementary School |
Mountain View |
| Jr. High School |
Walter Johnson |
| High School |
Freedom |
Additional Details
| APPLIANCES |
Other |
| BASEMENT |
Crawl Space |
| LOT |
8.17 acre(s) |
| LOT DIMENSIONS |
8.17 |
| MLS STATUS |
Active |
| PARKING |
Driveway |
| SEWER |
Public Sewer |
Location
Listed with C Shane Cook & Associates
Date last updated: 2/9/26 5:22 PM PST
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