Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
1,000
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
1000.0
-
Basement YN
NO
-
Pet friendly
Call
Exterior
-
Garage
No
-
Parking
Driveway
-
Pool
No
Area & Lot
-
Property Type
Residential Income
Price
-
Sales Price
$6,999,500
-
Sq. Footage
1, 000
-
Price/SqFt
$6,999
HOA
-
Association
No
School District
-
Elementary School
Mountain View
-
Middle School
Walter Johnson
-
High School
Freedom
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Burke
Elementary School
Mountain View
Middle School
Walter Johnson
High School
Freedom
Listing Courtesy of Allen Curtis , C Shane Cook & Associates
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Agent
Zaneta Mowatt
Call Zaneta today to schedule a private showing.
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