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Realty Execs Admin

realtyexecsadmin@gmail.com +1(828) 328-8900

$ 349,999

Est. payment | -/mo

10,018 Sqft Lot

Save

$ 349,999

Est. payment | -/mo

Save

10,018 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4427595

Construction Status Completed

Year Built 1968

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 157x60x159x60

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. The 1,012 Sqft. house has 2 bedrooms and 1 full bath with a basement. Unit A is 840 Sqft. with 3 bedrooms and 1 full bath. Unit B is 840 Sqft. with 1 bedroom and 1 full bath. ****Burke County GIS shows the properties as 109 Herron and 109-B Herron Street. The deeds list the properties as 109 S. College Street and 109-B S. College Street. This will be corrected at closing by the attorney.

Location

State NC

County Burke

Zoning MID & No Overlays

Rooms

Basement Exterior Entry

Interior

Heating Oil

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

Flooring Carpet, Concrete, Linoleum, Vinyl

Inclusions Building, Land

Exterior

Utilities Available Cable Available

Roof Type Metal

Street Surface Paved

Accessibility Two or More Access Exits

Porch Balcony

Total Parking Spaces 5

Building

Lot Description Corner Lot

Dwelling Type Site Built

Foundation Slab

Sewer Public Sewer

Water City

Structure Type Block,Brick Partial,Frame

New Construction false

Construction Status Completed

Others

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

Nearby Locations

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+1(828) 328-8900

realtyexecsadmin@gmail.com

109 Herron ST #A-B Morganton, NC 28655

Realty Execs Admin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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109 Herron ST #A-B