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Property view

505 Mimosa Avenue, 
Morganton, NC 28655

$85,000


2

Beds


1

Bath


1,004

Sq Ft


Single Family

Sold

Listed by

Madeline Pollard

Bought with Western Piedmont Real Estate, LLC

Chase Gray Realty LLC.

MLS#

4357887

Source:

CH

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About This Home

505 Mimosa Avenue

Investor Opportunity in the Heart of Drexel! This 2-bedroom, 1-bath home offers over 1,000 square feet of living space. It is centrally located within the town of Drexel, just minutes from local shops, restaurants, and convenient access to I-40 for an easy commute to Morganton, Hickory, and surrounding areas. This property has significant potential and would be an excellent opportunity for investors, flippers, or buyers looking to renovate and add value. Inside, you'll find original hardwood floors throughout most of the home and a functional layout that makes great use of the space. The home features two fireplaces—one in the living room and another in the kitchen—both believed to be wood-burning if uncovered, offering character and charm that could really shine with the right updates. Situated on approximately 0.77 acres, the lot is mostly cleared and relatively flat, providing plenty of room for outdoor enjoyment, gardening, or future improvements. With its convenient location, spacious lot, and solid bones, this property is ready for someone with vision to bring it back to life. Don't miss the opportunity to unlock the potential this Drexel property has to offer!

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1935

Price Summary

85,000

$84 per Sq. Ft.

MLS #:

4357887

Sold:

April 1, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,004 Sq. Ft.


Structure

Structure

Building Area:

1,004 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

33,541


Finances & Disclosures

Finances

Price:

$85,000

Price per Sq. Ft:

$84 per Sq. Ft.

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