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$85,000
2 bd
1 ba
1,004 sqft
505 Mimosa Avenue
Morganton, NC 28655
Sold
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
Contact Susan Young About This Property
Interested in 505 Mimosa Avenue? Send us a message and we'll get back to you.