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.
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.
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
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
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!
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.
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.
Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Morganton is located in North Carolina. Morganton, North Carolina has a population of 17,389. Morganton is less family-centric than the surrounding county with 21.44% of the households containing married families with children. The county average for households married with children is 25.01%.
The median household income in Morganton, North Carolina is $43,103. The median household income for the surrounding county is $48,142 compared to the national median of $69,021. The median age of people living in Morganton is 37.6 years.
The average high temperature in July is 87.8 degrees, with an average low temperature in January of 27.1 degrees. The average rainfall is approximately 48.3 inches per year, with 4.3 inches of snow per year.
