Morganton, NC 28655,2689 Timerill DR
Morganton, NC 28655,2689 Timerill DR
Morganton, NC 28655,2689 Timerill DR
Morganton, NC 28655,2689 Timerill DR
Morganton, NC 28655,2689 Timerill DR
Morganton, NC 28655,2689 Timerill DR
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$1,717,000

$1,950,000

11.9%
Est.Price: ?

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Est. payment /mo

7.18 Acres Lot


SOLD DATE : 07/08/2024

Key Details

Sold Price $1,717,000

Property Type Commercial

Sub Type Manufactured Home Park

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4092912

Sold Date 07/08/24

Year Built 1965

Lot Size 7.180 Acres

Acres 7.18

Property Description

This 52 pad MHP offers a density that is difficult to find either on, or off the market in Western NC! The park contains mostly older singlewides, with 14 tenant owned units, 11 park owned units, 17 vacant park owned units, 10 vacant pads. The park features a gently sloping topography that offers pleasant views from the knoll top in the center of the property. MHP pads and units are served by a combination of individual and shared septics. Landlord covers trash/waste service, also city water/sewer billing. The opportunity exists to pass thru additional utility expenses to tenants. Zoned R-3 in Burke County. Convenient location only 7 miles to downtown Morganton and 9 miles to downtown Lenoir with high visibility and easy access off Hwy 64. All considered, this park offers an excellent opportunity for a value-add investor to create significant long-term cash flow with a good park density in a growing region that will see continued housing demand.

Location

State NC

County Burke

Zoning R-3

Exterior

Utilities Available Cable Available, Satellite Internet Available, Underground Utilities

View Long Range, Mountain(s), Winter, Year Round

Roof Type Other - See Remarks

Parking Type Assigned, Driveway, Shared Driveway

Building

Lot Description Cleared, Sloped, Views

Foundation Pillar/Post/Pier

Sewer Septic Installed

Water Community Well, Shared Well, Well

Structure Type Other - See Remarks

New Construction false

Others

Senior Community false

Restrictions No Restrictions

Acceptable Financing Cash, Conventional, Nonconforming Loan, Owner Financing, Other - See Remarks

Listing Terms Cash, Conventional, Nonconforming Loan, Owner Financing, Other - See Remarks

Special Listing Condition None

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Listed by Collin O'Berry • Keller Williams Professionals • collin.oberry@gmail.com
Bought with Tyler Mellor • EXP Realty LLC Asheville
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