1141 Piedmont Rd B Morganton, NC 28655

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3 beds · 3 baths · 1,830 sq ft · Lot Size: 16,117 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $132,863

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1141 Piedmont Rd B is in the 28655 neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Multi-Family Home (2 - 4 units) was built in 1974 and is approximately 51 years old. The multi-family home (2 - 4 units) spans 1830 sq ft with 3 bedrooms and 3 bathrooms and sits on a 16117 sq ft lot. According to public records, it was sold for $58,790 and has a tax-assessed value of $129,286, which is $73 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1141 Piedmont Rd B Morganton, NC 28655 with Property Intel by Whitepages.

1141 Piedmont Rd B

Morganton, NC 28655

Neighborhood

Owners & Occupancy for 1141 Piedmont Rd B

This property is owned by Belinda J Foster. Owner contact information includes 5 phone numbers and 4 email addresses.

Property Owners

OccupationAllied Health Admission Advisor, Mcdowell Technical Community College
Cell Phone(828) ***-****View Cell Phone
Residence***********
Landline(252) 453-8396
Distance from Property**********
Email Address*****************@gmail.comView Email

Occupancy

Current Occupancy******View Occupancy

Property Financials for 1141 Piedmont Rd B

1141 Piedmont Rd B, Morganton, NC has no known mortgage. The Burke county assessment for 2024 values it at $129,286, with annual taxes of $1,068.

Property Tax

Property Tax Amount$1,068 in 2024
Purchase Price$58,790
Assessed Value$129,286 on 2024

Investment Potential for 1141 Piedmont Rd B

The property has a current estimated value of $132,863, which is 25% below the zip median, based on public records. It last sold for $58,790. Projected long-term
is $29,400 annually ($2,450 per month) with a 86% occupancy rate.

Discover more Multi-Family Home (2 - 4 units)s in 28655.

Long-Term

Gross Rental
$29,400 per year($2,450 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Property Details for 1141 Piedmont Rd B

Property Details

Property Sq Ft

Living Area

1,830 sq ft

2% above market

Lot Size

16,117 sq ft

0% above market

Price Per Sq Ft

Living Area

$73 / sq ft

20% below market

Lot Size Area

$8 / sq ft

24% below market

Property condition, age, exterior, etc. for 1141 Piedm…
Longitude: -81.687623 Latitude: 35.784895 Parcel Number (APN): 31181…

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Discover more multi-family homes near 1141 Piedmont Rd B in Morganton, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 1141 Piedmont Rd B in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$132,863
$186,199
-$53,336 (-29%)
YoY Price Change
Year Built
1974
1969.5
4 years
Living Space
1,830 sq ft
1,628 sq ft
202 (12%)
$ Per Living Sq Ft
$73
$118
-$45 (-38%)
Lot Size
16,117 sq ft
7,841 sq ft
8276 (106%)
$ Per Lot Sq Ft
$8
$20
-$12 (-59%)

Net Operating Income
$19,637
$3,772 (19%)
Annual Revenue
$29,400
$27,000
$2,400 (9%)
$5,759
$232 (4%)
Net Operating Income
$19,637
$3,772 (19%)
Cap Rate
8.86%
Home Value Comparison: Property vs. Local and Regional 3-Bed Multi-Family Home (2 - 4 units) Medians

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