5929 Mourglea Avenue, Connelly Springs NC

  • 10 Bed
  • 1.3 ac

For Sale $309,900

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Remarks:

Reduced $309,900. Located just south of Rutherford College & Valdese, this desirable investment property offers both immediate income & long-term potential. The property includes four well-maintained 1990s singlewide mobile homes, each thoughtfully updated by the current owner. These units currently generate $3,200/month ($38,400/year) in rental income, with room for increased returns. Recent improvements across the homes include: carpet, flooriing, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appaliances. Each home is equipped with a heat pump, making them more attractive to quality tenants. The landlord currently handles lawn care, provides town water, & maintains a shared dumpster. Tenants are responsible for all other utilities. Each unit is on its own septic system. Set in a scenic location at the foot of Mineral Springs Mountain, just outside the town limits. Unit #2 is available for showings. Additional units may be shown to serious, qualified buyers. Landlord is looking to retire.

General Information:

List Price: $309,900
Status: For Sale
Bedrooms: 10
Type: Fourplex
Parking: Driveway
MLS Number: CAR4293072
Subdivision: None
Lot Description: Level, Open Lot, Views
Year Built: 1991
Sewer Type: Septic Installed

Assigned Schools:

Elementary: Valdese
Middle: Heritage
High: Jimmy C Draughn

Price & Sales History

Date Event Price $/SQFT
11-10-2025 Price Decrease $309,900-0.83% N/A
10-19-2025 Price Decrease $312,500-2.34% N/A
09-01-2025 Listed $320,000 N/A

Nearby Schools

These schools are only nearby your property search, you must confirm exact assigned schools.

School Name Distance Grades Rating
Granite Falls Elementary 8 miles KG-05 8
Southwest Elementary 8 miles PK-05 1
NC School for the Deaf 9 miles KG-06 N/A
Mountain View Elementary 9 miles PK-05 8
The New Dimensions School 9 miles KG-06 7
Longview Elementary 10 miles PK-05 3

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
5929 Mourglea Avenue, Connelly Springs NC 0 mi $309,900 days
5934 Mourglea Avenue, Connelly Springs NC 0 mi $179,900 days
2870 Rutherford College Road, Connelly Springs NC 0.3 mi $155,000 days
3181 Fay Lowman Road, Connelly Springs NC 0.4 mi $197,000 days
214 Alpine Street, Connelly Springs NC 0.8 mi $157,900 days
3120 Mineral Springs Mountain Road, Valdese NC 0.8 mi $249,900 days
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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

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  • Down Payment Amount $990,000
    Mortgage Amount $3,960,000
    Monthly Payment (Principal & Interest Only) $19,480

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    Total Monthly Payment $20,941

    Demographic Data For Zip 28612

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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.

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    Comments Section

    Property Listing Information

    A Courtesy Listing Provided By C Shane Cook & Associates

    5929 Mourglea Avenue, Connelly Springs NC is a ft2 on a 1.270 acres lot. This is for $309,900. This has 10 bedrooms, baths, and was built in 1991.

    Based on information submitted to the MLS GRID as of 2025-09-01 11:07:01 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. Click here for more information

    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.