100, 102-109, 111 Ross Street, Morganton NC
- 8.2 ac
For Sale $6,999,500
Remarks:
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.
General Information:
| List Price: | $6,999,500 |
| Status: | For Sale |
| Type: | Portfolio |
| Parking: | Driveway, Parking Space(s) |
| MLS Number: | CAR4344560 |
| Year Built: | 9999 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Mountain View |
| Middle: | Walter Johnson |
| High: | Freedom |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 03-19-2026 | Listed | $6,999,500 | N/A |
| 01-04-2026 | Price Decrease | $695,000-6.71% | N/A |
| 10-25-2025 | Price Decrease | $745,000-6.76% | N/A |
| 05-08-2025 | Listed | $799,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| NC School for the Deaf | 1 miles | KG-06 | N/A |
| The New Dimensions School | 4 miles | KG-06 | 7 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 100, 102-109, 111 Ross Street, Morganton NC | 0 mi | $6,999,500 | days | |
| 2312 Magnolia Place, Morganton NC | 0.4 mi | $270,000 | days | |
| 110 Garrison Road, Morganton NC | 0.6 mi | $349,900 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28655
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By C Shane Cook & Associates
100, 102-109, 111 Ross Street, Morganton NC is a ft2 on a 8.170 acres Appraisal lot. This is for $6,999,500. This has bedrooms, baths, and was built in 9999.
Based on information submitted to the MLS GRID as of 2026-03-19 10:45:59 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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