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2689 Timerill Drive

Morganton, NC 28655
  • $1,950,000
  • STATUS: Active
  • ON SITE: 128 Days
  • ID#: 4092912
$1,950,000
  • 0
    BEDS
  • 7.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Manufactured Home
Built:
1965
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Keller Williams Professionals: 828-254-7253. Copyright 2024 Canopy MLS. All rights reserved.

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.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2024-04-17T17:10:34.09 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Rowena Patton's Allstar Powerhouse brokered by eXp nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

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2689 Timerill Drive Morganton, NC 28655

  • Price: $1,950,000
  • Status: Active
  • On Site: 128 Days
  • ID#: 4092912
0
Beds
0
Baths
0
½ Baths
7.18
Acres
1965
Built
County:
Burke
Area:
Morganton
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.
Exterior Features

Carport YN No Construction Materials Other - See Remarks Construction Type Manufactured Foundation Details Pillar/Post/Pier Lot Features ClearedSlopedViews Out Buildings YN OutbuildingShed(s) Parking Features AssignedDrivewayShared Driveway Road Frontage Type State Road Road Responsibility Private Maintained Road Road Surface Type Paved Roof Other - See Remarks

Interior Features

Basement YN No

Property Features

Auction YN No CCRSubject To No City Taxes Paid To No City Taxes Paid Commercial Location Description Other Elevation 1000 Gross Income 169236 Hoa Subject To None Inclusions BuildingFixturesLandOther Inside City YN No Lease Considered YN No Listing Terms CashConventionalNonconforming LoanOwner FinancingOther - See Remarks New Construction YN No Possible Use CommercialMulti-Family Property Sub Type Manufactured Home Park Restrictions No Restrictions Restrictions Description None Senior Community YN No Sewer Septic Installed Special Listing Conditions None Utilities Cable AvailableSatellite Internet AvailableUnderground Utilities View Long RangeMountain(s)WinterYear Round Water Source Community WellShared WellWell Zoning R-3



MLS Grid logo Based on information submitted to the MLS GRID as of 2024-04-17T17:10:34.09 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Rowena Patton's Allstar Powerhouse brokered by eXp nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Rowena Patton's Allstar Powerhouse brokered by eXp
56 Central Avenue, Ste 201
Asheville NC, 28801
Canopy MLS logo Offered by Keller Williams Professionals: 828-254-7253. Copyright 2024 Canopy MLS. All rights reserved.