111 Ross St

—
Beds
—
Baths
1,000 Sq. Ft.
$7,000 / Sq. Ft.
1,000
Sq. Ft.
$7,000
per Sq. Ft.

Description

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...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.
  1. Listed by Allen Curtis • C Shane Cook & Associates • AllenKCurtis@gmail.com

Property Details for 111 Ross Street

Parking Features
Driveway, Parking Space(s)
LISTING UPDATED: 02/09/2026 03:55 PM

Property Details for 111 Ross Street

StatusActive
MLS #4344560
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Portfolio
Year Built9999
Lot Size8.17 AC / 355,885 SF
CountyBurke County

Location

Listing Courtesy of C Shane Cook & Associates
Add your commute

Building Information for 111 Ross Street

Stories-Residences-Year Built9999Building Size-Lot Size8.17 AC / 355,885 SF

Payment Calculator

$34,125 per month

30 year fixed, 6.15% Interest

Principal and Interest

$34,114

Property Taxes

$11

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 111 Ross Street

Summary
Location and General Information
  • Longitude: -81.69586229
  • Latitude: 35.72112286
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $648,373.00
  • Parcel Number: 2702081302
  • City Taxes Paid To: Morganton
School Information
  • Middle Or Junior School: Walter Johnson
  • High School: Freedom
  • Elementary School: Mountain View
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 1000.0
  • Below Grade Finished Area: 0.0
  • Lot Size Units: Acres
  • Property Type: Residential Income
  • Property Sub Type Additional: N/A
Property and Assessments
  • Geocode Confidence: High
  • New Construction YN: No
  • Photos Count: 4
  • Road Responsibility: Publicly Maintained Road, Private Maintained Road
  • Construction Type: Manufactured
  • Assumable: No
  • Additional Parcels Description: 1792988077, 1792985194
  • Senior Community YN: No
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum, Vinyl
  • Pool Private YN: No
  • Road Surface Type: Asphalt, Paved
  • Roof: Aluminum, Composition, Metal
Interior Features
  • Appliances: Other
  • Cooling: Other - See Remarks
  • Heating: Other - See Remarks
  • Laundry Features: Other - See Remarks
  • Foundation Details: Crawl Space
  • Basement YN: No
Multi Family
Multi-Family Information
  • Unit Type: Manufactured Home
  • Number Of Units Total: 52
Rental
Rent Information
  • Tenant Pays: Cable TV, Electricity, Internet
  • Pets Allowed: Call

Property History for 111 Ross Street

DateEvent & SourcePriceAppreciation
Feb 9, 2026

Listed (Active)

CANOPY #4344560

$6,999,500—
Sep 16, 2009

Closed (Public Record)

Public Record #276350125

$50,000—
Sep 15, 2009

Closed (Public Record)

Public Record #427413628

$50,000—
DateEvent & SourcePrice
02/09/2026

Listed (Active)

CANOPY #4344560

$6,999,500
09/16/2009

Closed (Public Record)

Public Record #276350125

$50,000
09/15/2009

Closed (Public Record)

Public Record #427413628

$50,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 111 Ross Street

Taxable ValueLand$23,555Additions-Total$23,555
Tax Record2025$131 ($11 / month)
Home Facts
Beds0Total Finished SqFt1,292 SqFtAbove Grade Finished SqFt1,292 SqFtStories1Lot Size126,324 SqFtStyleMiscellaneous Vacant LandYear Built1940ZoningMEDIUM INTENSCountyBURKEAPN5298

Schools near 111 Ross Street

This home is within Burke County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Forest Hill Elementary
PublicPK to 5

Liberty Middle
Public6 to 8

Robert L Patton High School
Public9 to 12

Burke Middle College High School
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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111 Ross Street is a multi-family home for sale in Morganton, NC 28655. This property was listed for sale on February 9, 2026 by C Shane Cook & Associates, it's currently listed at $6,999,500. It has been on the market for a total of 4 days and was last sold on September 16, 2009. This listing's school district is Burke County School District. Nearby schools include Forest Hill Elementary, Liberty Middle and Robert L Patton High School. 111 Ross Street is a 0-bed, 0-bath, 1,000 sqft multi-family home built in 9999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of C Shane Cook & Associates

Based on information submitted to the MLS GRID as of 02/09/2026 03:55 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.