Rare opportunity to own an eight unit apartment building in Drexel - Income producing investment! Great location! Eight one bedroom one bath units. All the windows have been replaced in 2020. Each unit is individually metered for power. Owner pays for water and sewer.
Closed
$395,000
103 Apartment St, Morganton, NC 28655
8beds
5,040sqft
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$78/sqft
$1,667 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,667/mo
Zestimate® history
Owner options
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$1,667/mo
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$1,667/mo
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$2,322/mo
Est. payment
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$2,322/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Matt Crotts matt.crotts@nestrealty.com,
Nest Realty Morganton
Bought with:
Tyler Wilcox
EXP Realty LLC Mooresville
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4072954
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Electric
Cooling
- Window Unit(s)
Appliances
- Included: Electric Range, Refrigerator
- Laundry: None
Features
- Has basement: No
Interior area
- Total structure area: 5,040
- Total interior livable area: 5,040 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Features
- Stories: 2
Lot
- Size: 0.51 Acres
Details
- Parcel number: 10576
- Zoning: G-B
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Crawl Space
- Roof: Rubber
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Morganton
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2023 | Sold | $395,000-7.1%$78/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4072954 Report a problem | ||
| 10/20/2023 | Pending sale | $425,000$84/sqft |
Source: Canopy MLS as distributed by MLS GRID #4072954 Report a problem | ||
| 9/26/2023 | Listed for sale | $425,000+794.7%$84/sqft |
Source: Canopy MLS as distributed by MLS GRID #4072954 Report a problem | ||
| 12/30/2005 | Sold | $47,500$9/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,933 +1.4% | $390,816 |
| 2023 | $2,893 +52.6% | $390,816 +119.2% |
| 2022 | $1,895 +2.6% | $178,271 |
| 2021 | $1,847 +1.8% | $178,271 |
| 2020 | $1,815 +23.8% | $178,271 |
| 2019 | $1,466 -7.4% | $178,271 +22.9% |
| 2018 | $1,584 +5.2% | $145,027 |
| 2017 | $1,506 | $145,027 |
| 2016 | $1,506 +1.6% | $145,027 |
| 2015 | $1,482 | $145,027 |
Find assessor info on the county website
Neighborhood: 28655
Nearby schools
GreatSchools rating
- 7/10Drexel PrimaryGrades: PK-5Distance: 0.5 mi
- 5/10Heritage MiddleGrades: 6-8Distance: 1.6 mi
- 8/10Jimmy C. Draughn High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Drexel
- Middle: Heritage
- High: Jimmy C Draughn
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- North Carolina
- Burke County
- Morganton
- 28655
- 103 Apartment St
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