Vintage Mobile Home
For Sale
$6,999,500
100 102-109 111 Ross St, Morganton, NC 28655
52-unit mobile home park with master-metered water and sewer, plus three developable acres.
Property Size1,000 SF
Price / SF$6,999
Days on Market217
Property Features for 100 102-109 111 Ross St
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi-Family
Financials
Cap Rate
7%
Business Included
Yes
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
52
Listing Agency:
C Shane Cook & Associates
Listed By:
Allen Curtis · License #287846
(828) 443-7318
Source:
Lewisandkirk
Added: Mar 17
Changed: Oct 11
Last Checked: Oct 7 at 3:08PM
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
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Investment Insights
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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
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Lease Details
52
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 28655, NC
55,328
Population
24,542
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
84%
High-School Grad
325.0 sq mi
ZIP Area
170
Density / Sq Mi
$53,464
Median Household Income
$34,191
Median Earnings
$827
Median Rent
$170,400
Median Home Value
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Market
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Frequently Asked Questions
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 100 102-109 111 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
