Ed Cashwell
ABR, CRS, GRI
BEDS0
BATHS
SQUARE FEET1,000
MLS#4344560
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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/monthSewer is master-metered and runs approx. $1200/monthTaxes are $7000.00/yearDrive-by looks are ok but please DO NOT DISTURB THE TENANTS.
Property Features
Property Type: Multi Unit - Multiple
Heating: Other - See Remarks
Lot Size: 8.17 Acres
Roof Type: Aluminum, Composition, Metal
Year Built: 9999
Feature Descriptions
Appliances: Other
Days on Site: 255
Exterior: Aluminum, Vinyl
Foundation: Crawl Space
Laundry: Other - See Remarks
Parcel#: 2702081302
Parking: Driveway, Parking Space(s)
Pets Allowed: Call
Sewer: Public Sewer
Units: 52
Water: City
Local Schools
High School: Freedom
Middle School: Walter Johnson
Elementary School: Mountain View
Listed By / Shown By
Listed By
Agency Name: C Shane Cook & Associates
Agency Contact: AllenKCurtis@gmail.com
Shown By
Agent Name: Ed Cashwell
Agent Phone: Cell: (980) 808-9658
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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100, 102-109, 111 Ross Street | MLS# 4344560
This multi-family property located at 100, 102-109, 111 Ross Street, Morganton, NC 28655 is currently listed for sale with an asking price of call for price. Search Morganton real estate on edc.lakenormanrealty.com today.