117 W Union St, Morganton, NC 28655 is a prime historic commercial property in the heart of Morganton's vibrant Downtown Historic District. The ground floor is commercial and leased yearly potential to be divided into 2 units, upstairs there is offices that can be converted to at least 2 luxury residential apartments that could possibly be rented for $2000 a month or more for each proposed apartment. This approximately 5,460 sq ft, two-story brick building offers excellent visibility and foot traffic on West Union Street. It features a classic commercial Italianate-style facade. The upper level includes three two-over-two windows topped by connected segmental arches, plus a distinctive cornice with a narrow recessed panel above arcaded corbelling. The ground floor is leased commercially year to year. Upstairs has 20 plus offices and 4 bathrooms not leased at this time. Also Lease to multiple tenants, Versatile Space — Ideal for retail, restaurant, office, gallery, mixed-use (retail + upstairs APARTMENT/LOFTS), or professional services. Confirm all uses with the City of Morganton. Prime Downtown Location — Steps from shops, restaurants, offices, the historic courthouse square, and community events. Morganton’s growing downtown scene attracts locals and visitors alike.
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. 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. With the right offer, $10,000 concession being offered at closing to finish making the home truly turn key. 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.
