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Ross St MHP 3 Land Properties Offered at $6,999,500 in Morganton, NC
Investment Highlights
- Opportunity Zone
- Located at busy I-40 Exit
- 3 acre developable lot included
Executive Summary
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 Facts
| Price | $6,999,500 | Number of Properties | 3 |
| Cap Rate | 7% | Individually For Sale | 0 |
| Sale Type | Investment | Total Land Area | 8.17 AC |
| Status | Active |
| Price | $6,999,500 |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Land Area | 8.17 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
|
111 Ross St
111 Ross st, Morganton, NC 28655 |
Land | 2.90 AC | - |
| 103 Ross St, Morganton, NC 28655 | Land | 2.73 AC | - |
| 100 Ross St, Morganton, NC 28655 | Land | 2.54 AC | - |
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Presented by
C Shane Cook & Associates
Ross St MHP
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