5929 Mourglea Avenue

Connelly Springs, NC 28612

$490,000
Price
12
Beds
8
Baths
3,668 Sq. Ft.
$134 / Sq. Ft.
3,668
Sq. Ft.
$134
per Sq. Ft.

Description

This property was first advertised as 4 units, and we have added another unit to the portfolio (reason for the price increase). FIVE TOTAL UNITS, a great INVESTMENT! One house and four mobile homes, all rents are currently below the market norm! Owner (75) is retiring! The owner has remodeled 3/4 of the mobile homes from front to back with rugs, flooring, new paneling, all new paint, new exterior and interior doors, new bathroom vanities, toilets, new water heaters, new heat pumps, HVAC's, 4 units...This property was first advertised as 4 units, and we have added another unit to the portfolio (reason for the price increase). FIVE TOTAL UNITS, a great INVESTMENT! One house and four mobile homes, all rents are currently below the market norm! Owner (75) is retiring! The owner has remodeled 3/4 of the mobile homes from front to back with rugs, flooring, new paneling, all new paint, new exterior and interior doors, new bathroom vanities, toilets, new water heaters, new heat pumps, HVAC's, 4 units have new refrigerators, 3 unit have new stoves & hood, and more! Too much to list! The owner has easily invested $28,000-$32,000 in the 2.5 years, he has owned the properties! The home on the property will be getting a new roof week of June 2

This is a great investment opportunity! The multi-unit consists of 5 homes with rental income of $3625/month. Each single-wide has its own septic tank! All properties have been well maintained by the owner and the tenants!
  1. Listed by Lindsay Philyaw • RE/MAX Legendary • lindsayphilyaw@gmail.com

Property Details for 5929 Mourglea Avenue

Parking Features
Parking Space(s)

Location

Listing Courtesy of RE/MAX Legendary
Add your commute
LISTING UPDATED: 06/04/2024 09:41 PM

Property Details for 5929 Mourglea Avenue

StatusActive
MLS #4092082
Days on Market181
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Portfolio
Year Built1997
Lot Size1.27 AC / 55,321 SF
CountyBurke County

Location

Listing Courtesy of RE/MAX Legendary
Add your commute

Building Information for 5929 Mourglea Avenue

Stories-Residences-Year Built1997Building Size-Lot Size1.27 AC / 55,321 SF

Payment Calculator

$2,720 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,674

Property Taxes

$46

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5929 Mourglea Avenue

Summary
Location and General Information
  • Longitude: -81.530221
  • Latitude: 35.728327
  • Directions: From Hickory, take I-40 east to exit 113. Turn left onto Malcolm Blvd. Travel 0.5 miles and turn left onto Mourglea Avenue. The property will be 0.3 miles on your right.
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $42,175.00
  • Parcel Number: 2742991529
  • City Taxes Paid To: Lovelady
School Information
  • Middle Or Junior School: Heritage
  • High School: Jimmy C Draughn
  • Elementary School: Valdese
Parking
  • Open Parking: No
  • Carport: No
  • Garage: No
  • Main Level Garage: No
Property
Lot Information
  • Above Grade Finished Area: 3668.0
  • Below Grade Finished Area: 0.0
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • New Construction: No
  • Photos Count: 38
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Manufactured
  • Assumable: No
  • Senior Community: No
Utilities
  • Sewer: Septic Installed
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum, Metal
  • Road Surface Type: Gravel
Interior Features
  • Appliances: Electric Range, Refrigerator
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Hall
  • Foundation Details: Other - See Remarks
  • Basement: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rent Information
  • Tenant Pays: Cable TV, Electricity
  • Pets Allowed: No

Property History for 5929 Mourglea Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5929 Mourglea Avenue

Taxable ValueLand-Additions-Total-
Tax Record2022$556 ($46 / month)
Home Facts
StyleMiscellaneousCountyBURKEAPN24009487

Schools near 5929 Mourglea Avenue

This home is within Burke County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Rutherford College Elementary
PublicPK to 5

Heritage Middle
Public6 to 8

Jimmy C. Draughn High School
Public9 to 12

Hallyburton Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5929 Mourglea Avenue is a multi-family home for sale in Connelly Springs, NC 28612. This property was listed for sale on December 12, 2023 by RE/MAX Legendary, it's currently listed at $490,000. This listing's school district is Burke County School District. Nearby schools include Rutherford College Elementary, Heritage Middle and Jimmy C. Draughn High School. 5929 Mourglea Avenue is a 12-bed, 8-bath, 3,668 sqft multi-family home built in 1997.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Legendary

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.