100, 102-109, 111 Ross ST Morganton, NC 28655
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Portfolio
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $6,999
MLS Listing ID 4344560
Abv Grd Liv Area 1,000
Lot Size 8.170 Acres
Acres 8.17
Property Sub-Type Portfolio
Property Description
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.
Location
State NC
County Burke
Zoning HID and MID
Interior
Heating Other - See Remarks
Cooling Other - See Remarks
Appliance Other
Laundry Other - See Remarks
Exterior
Roof Type Aluminum,Composition,Metal
Street Surface Asphalt,Paved
Garage false
Building
Dwelling Type Manufactured
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Aluminum,Vinyl
New Construction false
Schools
Elementary Schools Mountain View
Middle Schools Walter Johnson
High Schools Freedom
Others
Pets Allowed Call
Senior Community false
Acceptable Financing Cash, Conventional, Nonconforming Loan
Listing Terms Cash, Conventional, Nonconforming Loan
Special Listing Condition None
NEARBY SCHOOLS & BUSINESSES
School Assignment Notice:
The schools shown in the Nearby Schools and Businesses section are based on geographic proximity and may not reflect the schools assigned to this property. School attendance boundaries are subject to change due to rezoning and other factors. Buyers should independently verify current school assignments with their real estate agent and the information provided in the MLS listing, as well as with the applicable school district, before making a purchase decision.
WORK WITH US
Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.
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