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MULTI_FAMILY - Morganton, NC

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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C Shane Cook & Associates

License #287846

Morganton, NC

(828) 443-7318

Allen Curtis

C Shane Cook & Associates
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C Shane Cook & Associates, (828) 443-3205
Source: ListHub, MLS# 4344560
Listing status: Active
Listing last updated: February 9, 2026 at 4:35 PM
Listing last checked: February 9, 2026 at 9:30 PM
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