202 Evans St Morganton, NC 28655

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4 beds · 2 baths · 1,578 sq ft · Lot Size: 11,761 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $191,933

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202 Evans St 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 1957 and is approximately 68 years old. The multi-family home (2 - 4 units) spans 1578 sq ft with 4 bedrooms and 2 bathrooms and sits on a 11761 sq ft lot. According to public records, it was last sold in 2017 for $117,500 and has a tax-assessed value of $186,766, which is $122 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 202 Evans St Morganton, NC 28655 with Property Intel by Whitepages.

202 Evans St

Morganton, NC 28655

Neighborhood

Owners & Occupancy for 202 Evans St

This property is owned by Sydney Danielle Turner. Owner contact information includes 2 phone numbers and 5 email addresses.

Property Owners

OccupationProfessional Photographer, Sydney Turner Photography
Residence*************
Landline(772) 388-0165
Distance from Property**********
Email Address******************@gmail.comView Email

Occupancy

Resident 1********************* age 37

Property Financials for 202 Evans St

202 Evans St, Morganton, NC has a mortgage (orig. February 19, 2019). The Burke county assessment for 2024 values it at $186,766, with annual taxes of $1,232.

Mortgage & Equity Information

Loan Amount$*****
Origination DateFebruary 19, 2019
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateOctober 13, 2017
Property Tax Amount$1,232 in 2024
Purchase Price$117,500
Assessed Value$186,766 on 2024

Investment Potential for 202 Evans St

The property has a current estimated value of $191,933, which is 8% above the zip median, based on public records. It last sold on October 13, 2017 for $118K. Projected long-term
is $27,000 annually ($2,250 per month) with a 86% occupancy rate.

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

Long-Term

Gross Rental
$27,000 per year($2,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Property Details for 202 Evans St

Property Details

Property Sq Ft

Living Area

1,578 sq ft

12% below market

Lot Size

11,761 sq ft

46% below market

Price Per Sq Ft

Living Area

$122 / sq ft

30% above market

Lot Size Area

$16 / sq ft

91% above market

Property condition, age, exterior, etc. for 202 Evans …
Longitude: -81.691046 Latitude: 35.752156 Parcel Number (APN): 57453…

Recommended Properties in 28655

Discover more multi-family homes near 202 Evans St 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 202 Evans St in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$191,933
$239,536
-$47,603 (-20%)
YoY Price Change
Year Built
1957
1974
-17 years
Living Space
1,578 sq ft
1,956 sq ft
-378 (-19%)
$ Per Living Sq Ft
$122
$115
$7 (6%)
Lot Size
11,761 sq ft
11,761 sq ft
0 (0%)
$ Per Lot Sq Ft
$16
$17
$0 (-1%)

Net Operating Income
$22,037
-$1,292 (-6%)
Annual Revenue
$27,000
$30,000
-$3,000 (-10%)
$7,271
-$1,016 (-14%)
Net Operating Income
$22,037
-$1,292 (-6%)
Cap Rate
9.31%
Home Value Comparison: Property vs. Local and Regional 4-Bed Multi-Family Home (2 - 4 units) Medians

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