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Active

100 102 109 111 Ross Street

Morganton, NC 28655

Active 168 days on market Listing ID CAR 295435850

$6,999,500

Est. $40,234/mo See my rate

$7,000/Sq Ft

1,000 sqft · $7,000/sqft

— Beds
— Baths
1,000 Sq Ft
$7,000/Sq Ft
9999 Built
8.17 acres Portfolio Listed Feb 9, 2026 Updated Feb 9, 2026 HOA None

About This Home

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.

Property Details

Interior Details

Heating
  • Other - See Remarks
Laundry Features
  • Other - See Remarks
Mainlevelgarageyn
0

Square Footage And Levels

Above Grade Finished Area
1000
Below Grade Finished Area
0

Parking And Garage

Parking Features
  • Driveway
  • Parking Space(s)

Exterior Features

Roof
  • Aluminum
  • Composition
  • Metal
Construction Materials
  • Aluminum
  • Vinyl

Lot And Land

Lot Size Acres
8.17
Lot Size Units
Acres

Basement And Foundation

Foundation Details
  • Crawl Space

Utilities

Sewer
  • Public Sewer
Water Source
  • City

Financial Information

Citytaxespaidto
Morganton

Zoning And Restrictions

Zoningspecification
HID and MID

Multi Unit Details

Total Number Of Units
52

Listed by Allen Curtis (828-443-7318) · C Shane Cook & Associates (828-437-7400)

Location

Address
100 102 109 111 Ross Street
City
Morganton, NC 28655
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Schools

Elementary
Mountain View
Middle
Walter Johnson
High
Freedom

School assignments may change. Contact the school district to confirm.

Canopy MLS

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