3133 Ed Bowman St Morganton, NC 28655

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5 beds · 2 baths · 1,972 sq ft · Lot Size: 53,579 sq ft · Multi-Family Home (2 - 4 units) · Glen Alpine
Est. Property Value: $110,788

Valued below Market MedianLarge Lot AdvantageGood value per sqftOwner Age 65 - 75

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3133 Ed Bowman St is in the Glen Alpine neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Multi-Family Home (2 - 4 units) was built in 1900 and is approximately 125 years old. The multi-family home (2 - 4 units) spans 1972 sq ft with 5 bedrooms and 2 bathrooms and sits on a 53579 sq ft lot. According to public records, it was sold for $62,000 and has a tax-assessed value of $107,805, which is $56 per sq ft. The Glen Alpine area of Morganton has 6 residential homes with an average size of 2043.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3133 Ed Bowman St Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 3133 Ed Bowman St

The property has a current estimated value of $110,788, which is 50% below the neighborhood median, based on public records. It last sold for $62,000. Projected long-term
is $31,800 annually ($2,650 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$31,800 per year($2,650 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 3133 Ed Bowman St

This property is owned by William Larry Parks. Owner contact information includes 10 phone numbers and 5 email addresses.

Property Owners

Cell Phone(828) ***-****View Cell Phone
Residence*************
Landline(870) 536-8773
Distance from Property**********
Email Address************@yahoo.comView Email
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Property Ownership Information

Property Tax Amount$1,060 in 2024
Purchase Price$62,000

Occupancy

Current Occupancy******View Occupancy

Property Details for 3133 Ed Bowman St

Property Details

Property Sq Ft

Living Area

1,972 sq ft

3% below market

Lot Size

53,579 sq ft

45% above market

Price Per Sq Ft

Living Area

$56 / sq ft

47% below market

Lot Size Area

$2 / sq ft

83% below market

Property condition, age, exterior, etc. for 3133 Ed Bo…
Longitude: -81.789109 Latitude: 35.720219 Parcel Number (APN): 27877…

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Discover more multi-family homes near 3133 Ed Bowman 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 3133 Ed Bowman St in Burke County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$110,788
$239,536
-$128,748 (-54%)
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—
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YoY Price Change
—
—
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Year Built
1900
1974
-74 years
Living Space
1,972 sq ft
1,956 sq ft
16 (1%)
$ Per Living Sq Ft
$56
$115
-$58 (-51%)
Lot Size
53,579 sq ft
11,761 sq ft
41818 (356%)
$ Per Lot Sq Ft
$2
$17
-$14 (-87%)

Net Operating Income
$*****
$22,037
$3,615 (16%)
Annual Revenue
$31,800
$30,000
$1,800 (6%)
$****
$7,271
-$1,123 (-15%)
Net Operating Income
$*****
$22,037
$3,615 (16%)
Cap Rate
****%
9.31%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 5-Bed Multi-Family Home (2 - 4 units) Medians

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