111 Ross St Morganton, NC 28655
Morganton AreaEstimated payment $45,472/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
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 | 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
MLS Number: 4344560
APN: 5298
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Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
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Ask me questions while you tour the home.