$6,999,500

111 Ross St Morganton, NC 28655

Estimated payment $44,366/month

Total Views 4,367
-- 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

8.17 Acres

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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List Price
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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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Source: Canopy MLS

MLS Number: 4344560

Canopy MLS

APN: 5298

North Carolina Burke County Morganton 28655

111 Ross St, Morganton, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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Allen Curtis
Listing Agent
Allen Curtis
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C Shane Cook & Associates
(828) 373-8844
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