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118 Ross Street

Morganton, NC 28655
  • $1,100,000
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: 3905959
New On Site 4 Days Ago
UPDATED: 9 min ago
$1,100,000
  • 16
    BEDS
  • 2.35
    ACRES
  • 8
    BATHS
  • 8
    1/2 BATHS
  • 7,840
    SQFT
  • $140
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Canopy MLS logo Offered by Keller Williams Lake Norman: 704-892-5518. Copyright 2022 Canopy MLS. All rights reserved.

Description

This fully occupied 8 unit apartment complex situated on 2.35 acres, located in equal distance between Asheville and Charlotte in the city of Morganton, has had major improvements including new roofs, hot water heaters and new HVAC and is currently providing the owners a reliable, low-risk cash flow. The apartment consists of two four unit buildings. The units are 2 story "townhome" style and each have 2 beds, 1.5 baths, in-unit laundry and are 980 sq ft with tenants paying their own utilities. This is a turnkey offering providing great cashflow grossing in excess of 100k per year.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2022-09-24T12:33:22.137 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Ann Rudd Group | JPAR Carolina Living 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. © 2022 Canopy MLS.

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118 Ross Street Morganton, NC 28655

  • Price: $1,100,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 9 min ago
  • ID#: 3905959
16
Beds
8
Baths
8
½ Baths
2.35
Acres
7,840
SQFT
$140
$/SQFT
1978
Built
Neighborhood:
None
County:
Burke
Area:
Morganton
Elementary School:
Mountain View
Middle School:
Walter Johnson
High School:
Freedom
Property Description
This fully occupied 8 unit apartment complex situated on 2.35 acres, located in equal distance between Asheville and Charlotte in the city of Morganton, has had major improvements including new roofs, hot water heaters and new HVAC and is currently providing the owners a reliable, low-risk cash flow. The apartment consists of two four unit buildings. The units are 2 story "townhome" style and each have 2 beds, 1.5 baths, in-unit laundry and are 980 sq ft with tenants paying their own utilities. This is a turnkey offering providing great cashflow grossing in excess of 100k per year.
Exterior Features

Construction Materials Brick PartialVinyl Siding Construction Type Site Built Foundation Details Crawl Space Main Level Garage YN No Parking Features Parking Lot Road Responsibility Public Maintained Road Structure Type Apartments

Interior Features

Appliances Other Below Grade Finished Area 0 Building Area Total 7840 Heating Central Laundry Features In Kitchen Water Heater Other

Property Features

Assumable YN No CCRSubject To Undiscovered Hoa Subject To None New Construction YN No Number Of Units Total 8 Pets Allowed Conditional Property Sub Type Multi-Family Sewer Public Sewer Special Listing Conditions None Tenant Pays All Utilities Water Source Public Zoning Description R-3



MLS Grid logo Based on information submitted to the MLS GRID as of 2022-09-24T12:33:22.137 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Ann Rudd Group | JPAR Carolina Living 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. © 2022 Canopy MLS.

Digital Millennium Copyright Act
 
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Ann Rudd Group | JPAR Carolina Living
10700 Sikes Place, Suite 200
Charlotte NC, 28277
Canopy MLS logo Offered by Keller Williams Lake Norman: 704-892-5518. Copyright 2022 Canopy MLS. All rights reserved.