$6,999,500
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.
Property details
- MLS #
- CAR4344560
- Property type
- Portfolio
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- N/A
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 274
- Student:teacher ratio
- 15.2:1
- District
- Burke County Schools
- Enrollment
- 483
- Student:teacher ratio
- 16.1:1
- District
- Burke County Schools
- Enrollment
- 128
- Student:teacher ratio
- 42.7:1
- District
- Burke County Schools
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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated February 9, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.