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Melissa L Sites

info@realtyworldmarketplace.com +1(828) 251-2900

$ 349,999

Est. payment -/mo

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109 Herron ST Morganton, NC 28655

2,692 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Portfolio

Listing Status Active

Purchase Type For Sale

Square Footage 2,692 sqft

Price per Sqft $130

MLS Listing ID 4425386

Style Traditional

Construction Status Completed

Abv Grd Liv Area 2,692

Year Built 1907

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 157x60x159x60

Property Sub-Type Portfolio

Property 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.

Location

State NC

County Burke

Zoning Base District: MID & No O

Rooms

Basement Exterior Entry, Storage Space

Interior

Interior Features Attic Finished

Heating Oil

Cooling Ceiling Fan(s), Central Air, Window Unit(s)

Flooring Carpet, Linoleum, Wood

Fireplace false

Appliance Electric Oven, Microwave, Refrigerator

Laundry In Basement

Exterior

Exterior Feature Lawn Maintenance

Utilities Available Electricity Connected

Roof Type Metal

Street Surface Gravel,Paved

Accessibility Two or More Access Exits

Porch Front Porch, Patio

Total Parking Spaces 3

Garage false

Building

Lot Description Cleared, Corner Lot

Dwelling Type Site Built

Foundation Basement

Sewer Public Sewer

Water City

Architectural Style Traditional

Structure Type Brick Partial,Block,Vinyl

New Construction false

Construction Status Completed

Schools

Elementary Schools Forest Hill

Middle Schools Liberty

High Schools Freedom

Others

Pets Allowed No

Senior Community false

Restrictions No Representation

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition None

Listed by Joe Blumetti • Broadpoint Real Estate Group • joe@broadpointrealestate.com

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+1(828) 251-2900

info@realtyworldmarketplace.com

One Page Avenue Suite 109, Asheville, NC 28801, USA