124 Polly St B Morganton, NC 28655

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4 beds · 2 baths · 1,500 sq ft · Lot Size: 16,117 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $111,894

High Demand Long-Term RentalValued below Market MedianGood value per sqftOwner Age 65 - 75

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124 Polly St 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 1980 and is approximately 45 years old. The multi-family home (2 - 4 units) spans 1500 sq ft with 4 bedrooms and 2 bathrooms and sits on a 16117 sq ft lot. According to public records, it was sold for $118,000 and has a tax-assessed value of $108,882, which is $75 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 124 Polly St B Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 124 Polly St B

The property has a current estimated value of $111,894, which is 37% below the zip median, based on public records. It last sold for $118,000. Projected long-term
is $25,800 annually ($2,150 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$25,800 per year($2,150 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 124 Polly St B

This property is owned by Patsy C Smith. Owner contact information includes 4 phone numbers and 3 email addresses.

Property Owners

Cell Phone(919) ***-****View Cell Phone
Residence*************
Landline(828) 437-7146
Distance from Property**********
Email Address**********@yahoo.comView Email
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Property Ownership Information

Property Tax Amount$796 in 2024
Purchase Price$118,000

Occupancy

Resident 1*****************

Property Details for 124 Polly St B

Property Details

Property Sq Ft

Living Area

1,500 sq ft

17% below market

Lot Size

16,117 sq ft

26% below market

Price Per Sq Ft

Living Area

$75 / sq ft

20% below market

Lot Size Area

$7 / sq ft

19% below market

Property condition, age, exterior, etc. for 124 Polly …
Longitude: -81.717973 Latitude: 35.770755 Parcel Number (APN): 37083…

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Discover more multi-family homes near 124 Polly St 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 124 Polly St B in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$111,894
$239,536
-$127,641 (-53%)
—
—
—
YoY Price Change
—
—
—
Year Built
1980
1974
6 years
Living Space
1,500 sq ft
1,956 sq ft
-456 (-23%)
$ Per Living Sq Ft
$75
$115
-$40 (-35%)
Lot Size
16,117 sq ft
11,761 sq ft
4356 (37%)
$ Per Lot Sq Ft
$7
$17
-$10 (-58%)

Net Operating Income
$*****
$22,037
-$1,319 (-6%)
Annual Revenue
$25,800
$30,000
-$4,200 (-14%)
$****
$7,271
-$2,189 (-30%)
Net Operating Income
$*****
$22,037
-$1,319 (-6%)
Cap Rate
****%
9.31%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Multi-Family Home (2 - 4 units) Medians

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