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.
| MLS # | 4344560 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 205 |
| Listing Provided By | C Shane Cook & Associates | Allen Curtis |
| SQ Feet | 1,000 |
|---|---|
| Units | 52 |
| Acreage | 8.17 |
| Cooling | Other - See Remarks |
|---|---|
| Heating | Other - See Remarks |
| Appliances | Other |
| Roof | Aluminum, Composition, Metal |
|---|---|
| Construction Materials | Aluminum, Vinyl |
| Foundation Details | Crawl Space |
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, Parking Space(s) |
| List Aor | Burke County Board of Realtors |
|---|
| Property | 648373 |
|---|
| State | NC |
|---|---|
| County | Burke |
| City | Morganton |
| Zip Code | 28655 |
| Area | Burke |
| School District | Freedom |
| Elementary School | Mountain View |
| High School | Freedom |
| Listing VS Median (in 28655) | |
Price: $6,999,500 low | high Med: $309,900 sqft: 1,000 low | high Med: 1,847 $ / sqft: $7,000 low | high Med: $175 On site: 205 low | high Med: 48.5 | |
| State | NC |
|---|---|
| County | Burke |
| City | Morganton |
| Zip Code | 28655 |
| Area | Burke |
| School District | Freedom |
| Elementary School | Mountain View |
| High School | Freedom |
| Listing VS Median (in 28655) | |
Price: $6,999,500 low | high Med: $309,900 sqft: 1,000 low | high Med: 1,847 $ / sqft: $7,000 low | high Med: $175 On site: 205 low | high Med: 48.5 | |