Morganton · Morganton, NC
522 W Concord Street
Morganton, NC · 1,307 sqft
$249,900
Reduced from $260,000
- 5Beds
- 2Baths
- 1,307SqFt
- 1930Year
- 7Days on market
About this home
Income-Producing Investment Opportunity – Motivated Seller Income-producing opportunity at 522 W Concord St, Morganton, NC featuring 5 bedrooms and 2 full bathrooms with long-term tenants in place for approximately 10 years. This property offers immediate rental income and presents an excellent addition to any investor’s portfolio. Currently rented for $2,100 per month, this property stands out due to the large 5-bedroom layout, offering flexibility and strong rental appeal compared to typical smaller rental properties. The value is in the size and bedroom count, providing long-term potential for sustained tenant demand. With stable tenancy already in place, this property is well-suited for investors seeking a reliable buy-and-hold opportunity. Conveniently located near local amenities, shopping, and major roadways, this property offers continued rental appeal in the Morganton area. Close to School for Math and Science, I40, Walmart Shopping Center, Gas Station, Grocery Store, Day School and Elementary.
Property details
- Beds
- 5
- Baths
- 2
- SqFt
- 1,307
- Lot
- —
- Year built
- 1930
- Type
- Single Family
- Days on market
- 7
- Heating
- Central
- Cooling
- Window Unit(s)
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,839/ month
- Principal & interest
- $1,547
- Property tax (~1.05%)
- $218
- Homeowners insurance
- $72
- HOA dues
- —
Down payment
$12,495 down · $237,405 financed
Income to qualify (28% rule)
~$78,825 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.