207 Morgan Dr Morganton, NC 28655

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4 beds · 2 baths · 1,560 sq ft · Lot Size: 8,276 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $133,097

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207 Morgan Dr 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 1965 and is approximately 60 years old. The multi-family home (2 - 4 units) spans 1560 sq ft with 4 bedrooms and 2 bathrooms and sits on a 8276 sq ft lot. According to public records, it has a tax-assessed value of $129,514, which is $85 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 207 Morgan Dr Morganton, NC 28655 with Property Intel by Whitepages.

Owners & Occupancy for 207 Morgan Dr

This property is owned by Richard A Stephens. Owner contact information includes 3 phone numbers and 3 email addresses.

Property Owners

Cell Phone(503) ***-****View Cell Phone
Residence*************
Landline(828) 438-5305
Distance from Property**********
Email Address*************@hotmail.comView Email
Cell Phone(828) ***-****View Cell Phone
Residence*************
Landline(541) 488-7830
Distance from Property**********
Email Address*************@netscape.netView Email

Occupancy

Current Occupancy******View Occupancy

Property Financials for 207 Morgan Dr

207 Morgan Dr, Morganton, NC has a mortgage (orig. October 01, 2010). The Burke county assessment for 2024 values it at $129,514, with annual taxes of $911.

Mortgage & Equity Information

Loan Amount$*****
Origination DateOctober 01, 2010
Interest Rate****%
Term3 Years
Rate TypeFixed
Est Balance$*
Due Date****************
Equity View Equity

Property Tax

Property Tax Amount$911 in 2024
Assessed Value$129,514 on 2024

Investment Potential for 207 Morgan Dr

The property has a current estimated value of $133,097, which is 25% below the zip median. Projected long-term rental income is $26,400 annually ($2,200 per month) with a 86% occupancy rate.

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

Long-Term

Gross Rental
$26,400 per year($2,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Property Details for 207 Morgan Dr

Property Details

Property Sq Ft

Living Area

1,560 sq ft

13% below market

Lot Size

8,276 sq ft

62% below market

Price Per Sq Ft

Living Area

$85 / sq ft

9% below market

Lot Size Area

$16 / sq ft

88% above market

Property condition, age, exterior, etc. for 207 Morgan…
Longitude: -81.666575 Latitude: 35.752479 Parcel Number (APN): 6236…

Recommended Properties in 28655

Discover more multi-family homes near 207 Morgan Dr 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 207 Morgan Dr in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$133,097
$239,536
-$106,439 (-44%)
YoY Price Change
Year Built
1965
1974
-9 years
Living Space
1,560 sq ft
1,956 sq ft
-396 (-20%)
$ Per Living Sq Ft
$85
$115
-$29 (-26%)
Lot Size
8,276 sq ft
11,761 sq ft
-3485 (-30%)
$ Per Lot Sq Ft
$16
$17
$0 (-3%)

Net Operating Income
$22,037
-$1,068 (-5%)
Annual Revenue
$26,400
$30,000
-$3,600 (-12%)
$7,271
-$1,840 (-25%)
Net Operating Income
$22,037
-$1,068 (-5%)
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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