$6,999,500
 $37,575 est/mo Sourced by Back At You

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

Morganton, NC 28655

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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/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.

Details

MLS #4344560
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year9999
Days On Site205
Listing Provided ByC Shane Cook & Associates | Allen Curtis

Features

SQ Feet1,000
Units52
Acreage8.17

Interior

CoolingOther - See Remarks
HeatingOther - See Remarks
AppliancesOther

Exterior

RoofAluminum, Composition, Metal
Construction MaterialsAluminum, Vinyl
Foundation DetailsCrawl Space

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, Parking Space(s)

Other

List AorBurke County Board of Realtors

Taxes

Property648373

Area Information

StateNC
CountyBurke
CityMorganton
Zip Code28655
AreaBurke
School DistrictFreedom
Elementary SchoolMountain View
High SchoolFreedom
Listing VS Median (in 28655)
Price:
$6,999,500
low | high
Med:
$309,900
100% of Average
sqft:
1,000
low | high
Med:
1,847
34.7% of Average
$ / sqft:
$7,000
low | high
Med:
$175
100% of Average
On site:
205
low | high
Med:
48.5
100% of Average
Sourced by Back At You

Market Activity 28655

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of September 2, 2026 at 3:00:31 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyBurke
CityMorganton
Zip Code28655
AreaBurke
School DistrictFreedom
Elementary SchoolMountain View
High SchoolFreedom
Listing VS Median (in 28655)
Price:
$6,999,500
low | high
Med:
$309,900
100% of Average
sqft:
1,000
low | high
Med:
1,847
34.7% of Average
$ / sqft:
$7,000
low | high
Med:
$175
100% of Average
On site:
205
low | high
Med:
48.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $5.249M - $8.749M
sqft: 750 - 1,000
Nearby Listings Property ImageNearby Listings Details
1012 Burkemont Avenue Property Photo 1
$22,000
1012 Burkemont Avenue
Morganton, NC 28655
Listing Updated: July 9, 2026 at 4:54:05 PM PDT
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