Land for Sale in Morganton, North Carolina
Burke County, Morganton, NC 28655
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.
Location
- County
- Burke County
- Elevation
- 1,132 feet
Property details
- Acreage
- 8.17 acres
- Zoning
- HID and MID
- MLS #
- CMLS 4344560
- Posted
Parcels
- 2702081302
Legal description
REID # 1795, 1794, 5298
Details and features
Listing
- Type
- Residential Multi Family
- Address
- 100, 102-109, 111 Ross Street
- Unit Count
- 52
Exterior
- Parking
- Driveway
Structure
- Sewer
- Public Sewer
- Materials
- Aluminum, Vinyl
- Roof
- Composition, Metal
Nearby schools
| Name | Type |
|---|---|
| Mountain View | Elementary |
| Walter Johnson | Middle |
| Freedom | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 19, 2026 | New listing | $6,999,500 | — | CMLS |
