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  • Price cut: $20K (8/10)
    $290,000

    5929 Mourglea Ave, Connelly Springs, NC 28612

    9beds
    3,668sqft
    : 
    $1,728/mo
    Get pre-qualified
    Multi Family
    Built in 1991
    -- sqft lot
    $-- Zestimate®
    $79/sqft
    $-- HOA

    What's special

    Thoughtfully updatedVanities and toiletsHeat pumpTown waterInterior and exterior doors
    Located just south of Rutherford College & Valdese, this desirable investment property offers both immediate income & long-term potential. The property includes four well-maintained 1990s singlewide mobile homes, each thoughtfully updated by the current owner. These units currently generate $3,200/month ($38,400/year) in rental income, with room for increased returns. Recent improvements across the homes include: carpet, flooring, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appliances. Each home is equipped with a heat pump, making them more attractive to quality tenants. The landlord currently handles lawn care, provides town water, & maintains a shared dumpster. Tenants are responsible for all other utilities. Each unit is on its own septic system. Set in a scenic location at the foot of Mineral Springs Mountain, just outside the town limits. Properties are tenant occupied. Please allow at least 24 hours for showings. The landlord will ask a tenant or 2 to accommodate showings. Additional units may be shown to serious, qualified buyers.
    70 days
    |
    610
    |
    52
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Caleb Rice criceandassociates@gmail.com,

    C. Rice and Associates LLC,

    Becca Ramsey,

    C. Rice and Associates LLC

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4386327MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 7
      • Full bathrooms: 7
      Heating
      • Heat Pump
      Cooling
      • Heat Pump
      Appliances
      • Included: Electric Range, Refrigerator
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Has basement: No
      Interior area
      • Total structure area: 3,668
      • Total interior livable area: 3,668 sqft
      • Finished area above ground: 3,668
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Lot
      • Size: 1.17 Acres
      Details
      • Parcel number: 2742991529
      • Zoning: R-3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Metal
      • Foundation: Other - See Remarks
      Condition
      • New construction: No
      • Year built: 1991

      Utilities & green energy

      • Sewer: Septic Installed
      • Water: City

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Connelly Springs

      Financial & listing details

      • Price per square foot: $79/sqft
      • Tax assessed value: $42,175
      • Annual tax amount: $278
      • Date on market: 6/4/2026
      • Cumulative days on market: 323 days
      • Tenant pays: Cable TV, Electricity, Exterior Maintenance, Gas, Outdoor Lighting, Other
      • Road surface type: Gravel, Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,290/mo

        Price history

        DateEventPrice
        8/10/2026Price change$290,000-6.5%$79/sqft
        Source: Canopy MLS as distributed by MLS GRID #4386327 Report a problem
        7/7/2026Price change$310,000-1.6%$85/sqft
        Source: Canopy MLS as distributed by MLS GRID #4386327 Report a problem
        6/4/2026Listed for sale$315,000+1.6%$86/sqft
        Source: Canopy MLS as distributed by MLS GRID #4386327 Report a problem
        5/1/2026Listing removed$309,900$84/sqft
        Source: Canopy MLS as distributed by MLS GRID #4293072 Report a problem
        11/2/2025Price change$309,900-0.8%$84/sqft
        Source: Canopy MLS as distributed by MLS GRID #4293072 Report a problem
        9/3/2025Price change$312,500-2.3%$85/sqft
        Source: Canopy MLS as distributed by MLS GRID #4293072 Report a problem
        8/18/2025Listed for sale$320,000-34.7%$87/sqft
        Source: Canopy MLS as distributed by MLS GRID #4293072 Report a problem
        6/21/2024Listing removed--
        Source: Canopy MLS as distributed by MLS GRID #4092082 Report a problem
        5/16/2024Price change$490,000+38%$134/sqft
        Source: Canopy MLS as distributed by MLS GRID #4092082 Report a problem
        4/22/2024Price change$355,000-2.7%$97/sqft
        Source: Canopy MLS as distributed by MLS GRID #4092082 Report a problem
        1/5/2024Price change$365,000-2.7%$100/sqft
        Source: Canopy MLS as distributed by MLS GRID #4092082 Report a problem
        12/13/2023Listed for sale$375,000$102/sqft
        Source: Canopy MLS as distributed by MLS GRID #4092082 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$278 -0.8%$42,175
        2024$280 $42,175
        2023$280 -5.9%$42,175 +13.2%
        2022$298 $37,262
        2021$298 $37,262
        2020$298 +105.6%$37,262 +16.2%
        2019$145 -31%$32,062 +22.1%
        2018$210 -22.9%$26,269 -25.3%
        2017$273 $35,181
        2016$273 $35,181
        2015$273 $35,181
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 28612

        Getting around

        1 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Valdese
        • 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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