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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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109 S Herron St , Morganton, NC 28655
$349,999
Est. Payment: $777.78/mo
0 Bed
0 Bath
2692 Sqft
Status: Active | Days on site: -1
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R04102 - R19152
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House Description

Unique investment opportunity located just 2 blocks from Downtown Morganton!! A single-family home along with a separate 2-unit apartment building is being sold together on the same lot for $349,999. All three units are occupied by long-term tenants, providing established rental income from day one. The single-family home currently rents for $1,350/month, while the two apartment units rent for $700/month and $800/month, for a combined rental income of $2,850/month or $34,200 annually. Additionally, there is an attached 480 Sqft. storage area/workshop which could be leased for additional income or possibly turned into additional living space. 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. In addition, 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.

Highlights

Listed by Joe Blumetti , 828-443-8883 Broadpoint Real Estate Group , 828-438-4111.

Property Type

Multi-Family

Lot/Acreage
0.23

Year Built

1907

County

Burke

Listing ID

4425386

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Electric Oven, Microwave, Refrigerator
Air Cond:Ceiling Fan(s),Central Air,Window Unit(s)
Fireplaces:
Floor:Carpet,Linoleum,Wood
Above Ground Sq Ft:2692
Below Ground Sq Ft:0
Basement:Exterior Entry,Storage Space
Other:
  • Additional:Attic Finished
Water:City

Exterior Features

Lot:Cleared,Corner Lot
Lot Dimensions:157x60x159x60
Garage Capacity:3
Zoning:MID
Roof:Metal
Others:
  • Additional:Lawn Maintenance
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$778
Taxes
$223

Home Price

$349,999

Loan Details

30 yrs
%

Down Payment

20%
$70,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $777.78 $223.12 $0.00 $1,000.90
Yearly $9,333.31 $2,677.49 $0.00 $12,010.80
Total $279,999.20 $80,324.77 $0.00 $360,323.97

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Morganton, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.