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100, 102-109, 111 Ross Street, 
Morganton, NC 28655

$6,999,500

—

Bed

—

Bath

1,000

Sq Ft

Multi-Family

Active

Listed by

Allen Curtis

C Shane Cook & Associates

Last updated:

February 10, 2026, 02:31 PM

MLS#

4344560

Source:

CH

About This Home

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.

Home Facts

Multi-Family

Built in 9999

Price Summary

6,999,500

$6,999 per Sq. Ft.

MLS #:

4344560

Last Updated:

February 10, 2026, 02:31 PM

Rooms & Interior

Interior

Living Area:

1,000 Sq. Ft.

Structure

Structure

Building Area:

1,000 Sq. Ft.

Year Built:

9999

Lot

Lot Size (Sq. Ft):

355,885

Finances & Disclosures

Finances

Price:

$6,999,500

Price per Sq. Ft:

$6,999 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.