Vintage Mobile Home
100 Ross St Morganton, NC 28655
100 Ross St, Morganton, NC, 28655
Contact for pricing
For Sale
Contact for pricing
52-unit mobile home park with master-metered water and sewer, plus three developable acres.
Days on Market160
Property Features for 100 Ross St
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park, Multifamily
Listing agency
C Shane Cook & Associates
(828) 443-7318
Listed by
Allen Curtis · License #NC 287846
Source
Crexi
Added: Feb 11 Updated: Jul 21 at 5:04AM Checked: Jul 21 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C Shane Cook & Associates
Investment Insights
Based on property information with market context.
This vintage mobile home park features 52 total units, including 40 seller-owned units and 12 tenant-owned units. The property also includes three developable acres. Water and sewer are both master-metered, with reported costs of approximately $800/month for water and approximately $1,200/month for sewer. Conveyance of the 40 homes is described as bill-of-sale only, along with deeds to the three parcels.
The park is located in Morganton, NC, positioned within an opportunity zone just off I-40 Exit 103. Public remarks note proximity to a mix of retail and services, including Chick-fil-A, Chicken Salad Chick, Lowe’s, Rural King, and Western Piedmont Community College. Drive-by looks are permitted, but please do not disturb tenants.
The offering is listed as for sale, with no owner-financing available. Reported average rent is $833/month, with gross monthly cash flow of $43,330 and a 7% cap rate. Taxes are reported as $7,000/year.
The park is located in Morganton, NC, positioned within an opportunity zone just off I-40 Exit 103. Public remarks note proximity to a mix of retail and services, including Chick-fil-A, Chicken Salad Chick, Lowe’s, Rural King, and Western Piedmont Community College. Drive-by looks are permitted, but please do not disturb tenants.
The offering is listed as for sale, with no owner-financing available. Reported average rent is $833/month, with gross monthly cash flow of $43,330 and a 7% cap rate. Taxes are reported as $7,000/year.
Key Highlights
- 52‑unit vintage mobile home park with 40 seller‑owned units and 12 tenant‑owned units
- Average rent of $833/month and gross monthly cash flow of $43,330 with a 7% cap rate
- Master‑metered water runs approx. $800/month and master‑metered sewer runs approx. $1,200/month
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - 52-unit mobile home park with master-metered water and sewer, plus three developable acres.
Where is this mobile home & rv park located?
The property is located at 100 Ross St Morganton, NC.
What is the asking price?
The asking price for this property is $6,999,500.
What are key features of this property?
This property features: 52‑unit vintage mobile home park with 40 seller‑owned units and 12 tenant‑owned units; Average rent of $833/month and gross monthly cash flow of $43,330 with a 7% cap rate; Master‑metered water runs approx. $800/month and master‑metered sewer runs approx. $1,200/month
