$6,999,500

111 Ross St Morganton, NC 28655

Estimated payment $43,419/month

-- Bed
-- Bath
1,000 Sq Ft
$7,000 Price per Sq Ft

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.

Listing Agent

Allen Curtis

C Shane Cook & Associates Brokerage Email: AllenKCurtis@gmail.com License #287846 Listed on: 02/09/2026

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8.17 Acre Lot
  • Additional Parcels

Parking

  • Driveway

Home Design

  • Composition Roof
  • Aluminum Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Crawl Space

Schools

  • Mountain View Elementary School
  • Walter Johnson Middle School
  • Freedom High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for exterior maintenance, sewer, water
  • Assessor Parcel Number 2702081302

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Portfolio
  • Year Built: 9999
  • Road Surface Type: Asphalt, Paved
  • Property Sub Type Additional: N/A
  • Geocode Confidence: High
  • Attribution Contact: AllenKCurtis@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Appliances: Other
  • Owner Pays: Exterior Maintenance, Sewer, Water
  • Above Grade Finished Sq Ft: 1000
  • Basement YN: No
  • Living Area: 1000

Exterior Features

  • New Construction: No
  • Roof: Aluminum, Composition, Metal
  • Construction Type: Manufactured
  • Pool Private: No
  • Construction Type: Aluminum, Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, Parking Space(s)

Utilities

  • Heating: Other - See Remarks
  • Sewer: Public Sewer
  • Laundry Features: Other - See Remarks
  • Cooling: Other - See Remarks
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Walter Johnson
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 2702081302
  • Lot Size Acres: 8.17
  • Additional Parcels Description: 1792988077, 1792985194
  • Additional Parcels: Yes
  • Zoning Specification: HID and MID

Rental Info

  • Tenant Pays: Cable TV, Electricity, Internet
  • Pets Allowed: Call

Multi Family

  • Number Of Units Total: 52

MLS Schools

  • Elementary School: Mountain View
  • High School: Freedom

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2026 02/09/26 For Sale $6,999,500 -- $7,000 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $50,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $40,000 Seller Take Back
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4344560

Canopy MLS (Canopy Realtor® Association)

APN: 5298