505 Mimosa Avenue
$85,000
2 bd 1 ba 1,004 sqft
505 Mimosa Avenue
Morganton, NC 28655
2 days on market
Property Type
Residential
Year Built
1935
Lot Size
Garage

About This Property

Investor Opportunity in the Heart of Drexel! This 2-bedroom, 1-bath home offers over 1,000 square feet of living space. It is centrally located within the town of Drexel, just minutes from local shops, restaurants, and convenient access to I-40 for an easy commute to Morganton, Hickory, and surrounding areas. This property has significant potential and would be an excellent opportunity for investors, flippers, or buyers looking to renovate and add value. Inside, you'll find original hardwood floors throughout most of the home and a functional layout that makes great use of the space. The home features two fireplaces—one in the living room and another in the kitchen—both believed to be wood-burning if uncovered, offering character and charm that could really shine with the right updates. Situated on approximately 0.77 acres, the lot is mostly cleared and relatively flat, providing plenty of room for outdoor enjoyment, gardening, or future improvements. With its convenient location, spacious lot, and solid bones, this property is ready for someone with vision to bring it back to life. Don't miss the opportunity to unlock the potential this Drexel property has to offer!

Property Details

Interior

Bedrooms
2
Bathrooms
1
Living Area
1,004 sqft

Exterior & Lot

Year Built
1935

Location

Subdivision
none
County
Burke
ZIP Code
28655

Financial

Listing Terms
Cash

Utilities

Sewer
Public Sewer

Schools

Elementary
Drexel
Middle School
Heritage
High School
Jimmy C Draughn

Appliances

Dryer, Electric Range, Refrigerator, Washer

Patio & Porch Features

Front Porch

Lot Features

Cleared

Location

Listing Information

MLS #
CAR4357887
Listing Agent
Madeline Pollard
Listing Office
Chase Gray Realty LLC
Listed Date
Mar 16, 2026
Susan Young
Susan Young
Realtor®, Broker Associate

Contact Susan Young About This Property

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