2689 Timerill Drive, Morganton, NC

$1,950,000

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7.18

Acres

About 2689 Timerill Drive

This 52 pad MHP offers a density that is difficult to find either on, or off the market in Western NC! The park contains mostly older singlewides, with 14 tenant owned units, 11 park owned units, 17 vacant park owned units, 10 vacant pads. The park features a gently sloping topography that offers pleasant views from the knoll top in the center of the property. MHP pads and units are served by a combination of individual and shared septics. Landlord covers trash/waste service, also city water/sewer billing. The opportunity exists to pass thru additional utility expenses to tenants. Zoned R-3 in Burke County. Convenient location only 7 miles to downtown Morganton and 9 miles to downtown Lenoir with high visibility and easy access off Hwy 64. All considered, this park offers an excellent opportunity for a value-add investor to create significant long-term cash flow with a good park density in a growing region that will see continued housing demand.

Features of 2689 Timerill Drive

MLS® # 4092912
Price $1,950,000
Bathrooms 0.00
Acres 7.18
Year Built 1965
Type Commercial Sale
Sub-Type Manufactured Home Park
Status Active

Community Information

Address 2689 Timerill Drive
City Morganton
County Burke
State NC
Zip Code 28655

Amenities

Utilities Cable Available, Satellite Internet Available, Underground Utilities
Garages Assigned, Driveway, Shared Driveway
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Lot Description Cleared, Sloped, Views
Roof Other - See Remarks
Construction Other - See Remarks

Additional Information

Date Listed December 15th, 2023
Days on Market 130
Zoning R-3
Foreclosure No
Short Sale No

Listing Details

OfficeKeller Williams Professionals

Listing Map

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