405 Riverside Dr Morganton, NC 28655

3 beds · 2,262 sq ft · Lot Size: 17,424 sq ft · Single Family Home
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405 Riverside Dr is in the 28655 neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Single Family Home was built in 1955 and is approximately 70 years old. The single family home spans 2262 sq ft with 3 bedrooms and sits on a 17424 sq ft lot. Analyze and compare real estate investment strategies for properties like this home at 405 Riverside Dr Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 405 Riverside Dr

The property has a current estimated value of $278,564, which is 29% above the zip median. Projected long-term rental income is $28,800 annually ($2,400 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 405 Riverside Dr

This property is owned by Dawn A Poore. Owner contact information includes 5 phone numbers and 5 email addresses.

Property Owners

Cell Phone(828) ***-****
Residence*************
Landline(828) 733-0532+ 3 more
Distance from Property**********
Email Address************@gmail.com

Property Ownership Information

Property Tax Amount$1,378 in 2024

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 84

Property Details for 405 Riverside Dr

Property Details

Property Sq Ft

Living Area

2,262 sq ft

Compare to 28655

Lot Size

17,424 sq ft

Compare to 28655

Price Per Sq Ft

Living Area

$123 / sq ft

Compare to 28655

Lot Size Area

$16 / sq ft

Compare to 28655
Property condition, age, exterior, etc. for 405 Rivers…
Longitude: -81.704062 Latitude: 35.742604 Parcel Number (APN): 8121…
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Recommended Properties in 28655

Discover more single family homes near 405 Riverside 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 405 Riverside Dr in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$278,564
$275,142
$3,422 (1%)
$398,141
$47,740 (12%)
YoY Price Change
2.32%
370%
Year Built
1955
1990
-35 years
Living Space
2,262 sq ft
1,589 sq ft
673 (42%)
$ Per Living Sq Ft
$123
$169
-$46 (-27%)
Lot Size
17,424 sq ft
20,473 sq ft
-3049 (-15%)
$ Per Lot Sq Ft
$16
$17
-$1 (-4%)

Net Operating Income
$17,038
$4,496 (26%)
Annual Revenue
$28,800
$22,800
$6,000 (26%)
$5,773
$1,493 (26%)
Net Operating Income
$17,038
$4,496 (26%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians