100, 102-109, 111 Ross Street

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Address: 111 Ross St 100 102 109, Morganton, NC 28655, USA
Atlanta & Southeast + Apartment Buildings
Created date: February 10, 2026
Date last updated: September 17, 2026
Price: $6,999,500Investment Analyzer NEW!

Property Description

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.
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Broker Details

Allen Curtis
Allen Curtis

C Shane Cook & Associates (828) 443-3205 MLS ID: CV71376 State License Number: 287846

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $6,999,500
No. of Units: 52
Opportunity Zone: No
Price per unit: $134,606
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 100, 102-109, 111 Ross Street, Morganton, NC 28655, USA
Provided by:
Standard Status: Active
MLS Listing Number: 4344560
ID: 3yd-CMLSNC-4344560
Copyright Disclaimer: Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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