About 100, 102-109, 111 Ross Street
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.
Features of 100, 102-109, 111 Ross Street
| MLS® # | 4344560 |
|---|---|
| Price | $6,999,500 |
| Acres | 8.17 |
| Year Built | 9999 |
| Type | Residential Income |
| Sub-Type | Portfolio |
| Status | Active |
Community Information
| Address | 100, 102-109, 111 Ross Street |
|---|---|
| City | Morganton |
| County | Burke |
| State | NC |
| Zip Code | 28655 |
Amenities
| Garages | Driveway, Parking Space(s) |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Other |
|---|---|
| Heating | Other - See Remarks |
| Cooling | Other - See Remarks |
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Aluminum, Composition, Metal |
|---|---|
| Construction | Aluminum, Vinyl |
School Information
| Elementary | Mountain View |
|---|---|
| Middle | Walter Johnson |
| High | Freedom |
Additional Information
| Date Listed | February 9th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | C Shane Cook & Associates |
|---|