111 Ross St Morganton, NC 28655
Estimated payment $43,419/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $50,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $40,000 | Seller Take Back |
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4344560
APN: 5298
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