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$350,000
10 Beds ⋅ 4419474 MLS ⋅ ACTIVE Status
Discover the income-producing potential of 3686 Cook Rd W, Valdese, NC! Situated on approximately 2.44 acres, this established 5-unit mobile home park offers immediate rental income along with exciting possibilities for future growth. Each of the five units features 2 bedrooms and 1 bathroom, with an average monthly rent of approximately $750 per unit—providing an estimated $3,750 in gross monthly rental income at full occupancy. Each unit is separately metered for water and electricity, helping simplify utility management for the property owner. The property is currently configured with two units per septic system. What really sets this investment apart is the potential for expansion. Approximately half of the 2.44-acre property remains undeveloped, creating the possibility for additional units or other future development, subject to county approvals, zoning, septic capacity, and other applicable requirements. Whether you're looking to add an established income-producing property to your portfolio or searching for an investment with room to grow, 3686 Cook Rd W offers both current cash flow and future potential. 5 Rental Units • 2 BR / 1 BA Each • Approx. 2.44 Acres • Separately Metered Utilities • Approx. $3,750 Gross Monthly Rent at Full Occupancy • Potential for Additional Development

3686 Cook W Road, Valdese

Listing courtesy of C Shane Cook & Associates. AllenKCurtis@gmail.com
$2,160,000
27 Beds ⋅ 4415983 MLS ⋅ ACTIVE Status
Nine new construction units in a proven rental market! Welcome to Beacon Townhomes where each townhome offers 3 beds and 2 full baths. Interior features include luxury vinyl plank flooring throughout, custom cabinetry with granite countertops, zoned heat pump HVAC, and a stainless steel appliance package including range, dishwasher, microwave, and refrigerator. Exterior finishes include Hardie siding, stone accents, architectural shingles, and professional landscaping. HOA maintains the roads and landscaping. *Current dues are $83/ month and are subject to change based on who has majority ownership. Rental rates on the first set of completed units range from $1,950 - $2,100.

189 Beacon Avenue, Morganton

Listing courtesy of Nest Realty Morganton. sarah.pettus@nestrealty.com
$649,000
4 Beds ⋅ 4408508 MLS ⋅ ACTIVE UNDER CONTRACT Status
Excellent investment opportunity featuring a beautifully renovated four-unit apartment building in the Historic Morganton Downtown area. Updated in 2022 with (3) units currently rented, this income-producing multifamily property offers immediate cash flow with stabilized occupancy from day one. The 4th unit has been serving as an Airbnb with the last reservation in mid-September at which time it will be converted to a full-time rental unit. The 2022 renovations strengthen the property’s value by improving tenant appeal, supporting rent stability, and reducing the likelihood of immediate capital expenditures for the new owner. The building is well positioned for investors seeking a turnkey rental asset, portfolio expansion, or a foothold in the multifamily market. Whether added to an existing rental portfolio or purchased as a standalone multifamily asset, this property provides a practical blend of current income, and future upside potential. Each unit offers a 1-bedroom, 1-bath layout with its own in-unit washer and dryer plus the 2nd floor units have private balconies. This property is perfect for investors looking for an established rental property with modernized units, stabilized tenancy, and walkable location essentials. The location adds to the appeal of tenants with nearby access to a library, a movie theater, parks, walking trails, convenience stores, and Downtown Morganton where you’ll find an array of restaurants, bars, shops, and professional services. Additionally, Burke Co. has been coined “Nature’s Playground” because of the State Parks/Trails & the thousands of acres of the Pisgah National Forest. This property is in a key location to access all the adventures the area has to offer plus it is only a five-minute drive to Exit 105 on I-40. The property combines current cash flow with location-driven tenant demand. Don’t miss out on this Morganton multifamily investment opportunity. Call today to schedule your private tour and learn more about this income-producing asset. PLEASE DO NOT DISTURB THE TENANTS. SHOWINGS BY APPOINTMENT ONLY. The prospective buyer or buyer’s agent must provide either written proof of funds sufficient to demonstrate the buyer’s ability to purchase the property or a current lender pre-approval letter for financing.

209 S King Street, Morganton

Listing courtesy of Broadpoint Real Estate Group. joe@broadpointrealestate.com
$290,000
9 Beds ⋅ 4386327 MLS ⋅ ACTIVE UNDER CONTRACT Status
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, flooring, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appliances. 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. Properties are tenant occupied. Please allow at least 24 hours for showings. The landlord will ask a tenant or 2 to accommodate showings. Additional units may be shown to serious, qualified buyers.

5929 Mourglea Avenue, Connelly Springs

Listing courtesy of C. Rice and Associates LLC. criceandassociates@gmail.com
$648,000
12 Beds ⋅ 4383232 MLS ⋅ ACTIVE Status
Motivated Seller - AS-IS - NO REPAIRS - CASH ONLY - Currently rented for $6,160 per month. $6160 rent/month - cash flowing- PORTFOLIO INCLUDES MLS#4383250, MLS#4369866, MLS#:4387176

E Meeting Street, Morganton

Listing courtesy of FK and Associates Real Estate Firm. freddy@fkandassociates.com
$550,000
3 Beds ⋅ 4376892 MLS ⋅ ACTIVE Status
Calling all Investors! Selling Units #2-6. Showings allowed Wednesdays and Saturdays 12-2PM.

1357 Airport Rhodhiss Road Unit #2-6, Hickory

Listing courtesy of Realty Executives of Hickory. jvisenhour0927@gmail.com
$350,000
9 Beds ⋅ 4365903 MLS ⋅ ACTIVE Status
Mobile Home park set up and running on autopilot. There is 8 lots and 5 are in use, 3 are owner owned units (all 3bedroom & 2 bathrooms) and 2 lots rented. The 3 owner owned homes are set up on city water and all have been updated. Owner Financing available with 40% down.

3680 Berry Road, Connelly Springs

Listing courtesy of NorthGroup Real Estate LLC. Derekworrell1@gmail.com
$699,900
18 Beds ⋅ 4360522 MLS ⋅ ACTIVE Status
Calling all investors. Looking for a income producing property? There are 6 income-producing homes that are all on their own deeded lot, 8 total lots ac 4.5. Tax record is for all lots and the 6 units. Seller will not sell individual homes. Homes have been updated and well-kept. Good-paying tenants. Do not drive on the property or approach any of the tenants. The owner is an NC real estate broker. Some appliances belong to the tenants. Each unit is individually deeded, but the Seller will not sell them individually

4467 Patti Clymer Drive Unit #1, Morganton

Listing courtesy of RE/MAX Executive. twshs2020@gmail.com
$229,900
4 Beds ⋅ 4353670 MLS ⋅ ACTIVE UNDER CONTRACT Status
Don’t miss this updated duplex situated on a spacious 0.73-acre lot! Each unit features 2 bedrooms and 1 full bath, offering comfortable layouts ideal for tenants, owner-occupants, or extended family living. Potential to combine the units with interior stairs to make one single family home. This upstairs/ downstairs duplex style allows for single level living and each unit has its own laundry hook ups. Extensive upgrades (2022) provide peace of mind and modern appeal, including updated electrical, plumbing, insulation, cabinets, countertops, and more. Downstairs kitchen cabinets and countertops are brand new. The durable metal roof adds long-term value and low maintenance, while the oversized lot offers room to expand, garden, add parking, or simply enjoy the open space. Perfect opportunity for investors seeking strong rental potential or buyers looking to live in one unit and rent the other. Schedule your showing today!

620 Linville Street, Morganton

Listing courtesy of Fonta Flora Realty. harrison@fontaflorarealty.com
$899,999
25 Beds ⋅ 4352691 MLS ⋅ ACTIVE Status
ATTN INVESTORS !! 10 unit apartment building!!! Don't miss out on the rare chance in this market to get a 10 unit apartment building. Includes five 3 bedroom units and five 2 bedrooms units. 4 of these units have been substantially remodeled (and occupied). New wide luxury vinyl plank floors, with fresh bathroom fixtures in each! 10 units all one level and easily accessible!!! Call THE LISTING AGENT TODAY!

3309 Clarence Towery Circle, Hildebran

Listing courtesy of Sunrise Realty Services. David@Sunriserealtyservices.com
$6,999,500
4344560 MLS ⋅ ACTIVE Status
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.

100, 102-109, 111 Ross Street, Morganton

Listing courtesy of C Shane Cook & Associates. AllenKCurtis@gmail.com
$299,000
4 Beds ⋅ 4108288 MLS ⋅ ACTIVE Status
Rare property! Great location! Approximately 1600sf duplex with a solid 14 year rental history. Two bed, one bath per unit on a comfortable sized lot on Carbon City road within Morganton city limits. Connected to city water and sewer. Across the street from Carbon City park/playground and a police/fire station. Close to I-40, Ingles, downtown, local colleges, the Linville Gorge and the Pisgah National Forest. Rent both sides to get your money back quickly. Perhaps live in one side and rent the other. Many possibilities! Great place to put your money with a great return on your money annually.

100 Normandy Drive, Morganton

Listing courtesy of Carolina Realty Solutions. robin.hurd@crsmail.com

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