101 Sara Ln Morganton, NC 28655

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4 beds · 2 baths · 1,664 sq ft · Lot Size: 15,246 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $143,215
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High Demand Long-Term RentalValued below Market MedianOwner Age Above 75

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101 Sara Ln 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 1969 and is approximately 56 years old. The multi-family home (2 - 4 units) spans 1664 sq ft with 4 bedrooms and 2 bathrooms and sits on a 15246 sq ft lot. According to public records, it has a tax-assessed value of $139,359, which is $86 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 101 Sara Ln Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 101 Sara Ln

The property has a current estimated value of $143,215, which is 19% below the zip median. Projected long-term rental income is $27,000 annually ($2,250 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$27,000 per year($2,250 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 101 Sara Ln

This property is owned by George B Stroupe. Owner contact information includes 2 phone numbers.

Property Owners

Cell Phone(828) ***-****View Cell Phone
Residence*************
Landline
Distance from Property**********
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Property Ownership Information

Property Tax Amount$1,056 in 2024

Occupancy

Current Occupancy******View Occupancy

Property Details for 101 Sara Ln

Property Details

Property Sq Ft

Living Area

1,664 sq ft

8% below market

Lot Size

15,246 sq ft

30% below market

Price Per Sq Ft

Living Area

$86 / sq ft

8% below market

Lot Size Area

$9 / sq ft

10% above market

Property condition, age, exterior, etc. for 101 Sara L…
Longitude: -81.660916 Latitude: 35.707154 Parcel Number (APN): 7815…

Recommended Properties in 28655

Discover more multi-family homes near 101 Sara Ln 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 101 Sara Ln in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$143,215
$239,536
-$96,321 (-40%)
—
—
—
YoY Price Change
—
—
—
Year Built
1969
1974
-5 years
Living Space
1,664 sq ft
1,956 sq ft
-292 (-15%)
$ Per Living Sq Ft
$86
$115
-$28 (-25%)
Lot Size
15,246 sq ft
11,761 sq ft
3485 (30%)
$ Per Lot Sq Ft
$9
$17
-$7 (-43%)

Net Operating Income
$*****
$22,037
-$766 (-3%)
Annual Revenue
$27,000
$30,000
-$3,000 (-10%)
$****
$7,271
-$1,542 (-21%)
Net Operating Income
$*****
$22,037
-$766 (-3%)
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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