Zip Code
2931 Collett Ave, Morganton, NC 28655
3 beds · 1 bath · 1,624 sq ft · Lot: 44,431 sq ft · Single Family Home · Built: 1950
Est. Value:
$189K
Est. Rent:
$2.1K/month

2931 Collett Ave Morganton, NC 28655

3 beds · 1 bath · 1,624 sq ft · Lot Size: 44,431 sq ft · Single Family Home
Est. Property Value: $188,634

High Demand Long-Term RentalLarge Lot Advantage

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2931 Collett Ave 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 1950 and is approximately 75 years old. The single family home spans 1624 sq ft with 3 bedrooms and 1 bathroom and sits on a 44431 sq ft lot. According to public records, it has a tax-assessed value of $83,388, which is $116 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 2931 Collett Ave Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 2931 Collett Ave

The property has a current estimated value of $188,634, which is 11% below the zip median. Projected long-term rental income is $25,200 annually ($2,100 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 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 2931 Collett Ave

No contact information is available.

Occupancy

Current Occupancy******View Occupancy

Property Details for 2931 Collett Ave

Property Details

Property Sq Ft

Living Area

1,624 sq ft

10% above market

Lot Size

44,431 sq ft

34% above market

Price Per Sq Ft

Living Area

$116 / sq ft

19% below market

Lot Size Area

$4 / sq ft

50% below market

Property condition, age, exterior, etc. for 2931 Colle…
Longitude: -81.762169 Latitude: 35.782421 Parcel Number (APN): 18339…
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Recommended Properties in 28655

Discover more single family homes near 2931 Collett Ave 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 2931 Collett Ave in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$188,634
$274,164
-$85,530 (-31%)
$******
$381,744
-$99,043 (-26%)
YoY Price Change
****%
2.32%
-1113%
Year Built
1950
1990
-40 years
Living Space
1,624 sq ft
1,590 sq ft
34 (2%)
$ Per Living Sq Ft
$116
$168
-$52 (-31%)
Lot Size
44,431 sq ft
20,473 sq ft
23958 (117%)
$ Per Lot Sq Ft
$4
$17
-$12 (-75%)

Net Operating Income
$*****
$18,583
$1,239 (7%)
Annual Revenue
$25,200
$25,200
$0 (0%)
$****
$6,214
-$836 (-13%)
Net Operating Income
$*****
$18,583
$1,239 (7%)
Cap Rate
****%
6.34%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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