150 Golden Oaks LN Ellenboro, NC 28080
7 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4360322
Year Built 1994
Property Sub-Type Business
Property Description
Golden Oaks Community (Land Lease)- Land is not included.
Purchase includes four (4) manufactured homes located in Golden Oaks Community, a land lease community owned by FG Communities. Three homes are currently income-producing, with one recently renovated and ready for occupancy, offering immediate upside potential.
Property Breakdown:
150 Golden Oaks
1994 Horton Doublewide | 3BR / 2BA
Title in hand
Month-to-month tenant (long-term, strong payment history)
Rent: $1,000/month
197 Golden Oaks
1997 Oakwood Singlewide | 3BR / 2BA
Title in hand
Tenant in place (lease)
Rent: $1,100/month
201 Golden Oaks
Renovated Singlewide | 2BR / 1BA
Updated kitchen, bath, flooring, and paint
Bill of sale only (no title)
Currently vacant
Projected Rent: $800–$900/month
202 Golden Oaks
1995 Oakwood Singlewide | 2BR / 2BA
Title in hand
Month-to-month tenant
Rent: $950/month (includes water)
Utilities & Maintenance:
Tenants reimburse water (bill remains in owner's name)
Tenants responsible for yard maintenance and general upkeep
Land Lease:
$330/month per home ($1,320 total/month)
Homes may remain in place (application for lease for land must be completed) for continued income or be relocated to your own land.
Income Summary:
Current Income (3 units occupied):
$3,050/month | $36,600/year
Stabilized Income (all 4 units rented):
$3,850–$3,950/month | $46,200–$47,400/year
Annual Lot Rent:
$15,840/year
Location
State NC
County Rutherford
Zoning Residential
Interior
Inclusions Building
Exterior
Street Surface Paved
Total Parking Spaces 8
Building
Sewer Septic Installed
Water City
New Construction false
Others
Senior Community false
Restrictions Other - See Remarks
Acceptable Financing Cash, Owner Financing
Listing Terms Cash, Owner Financing
Special Listing Condition Subject to Lease
NEARBY SCHOOLS & PROPERTIES
This is the second house that we've purchased using Franklin's services. We've enjoyed working with him both times. He truly tries to help you find exactly what you are looking for. Franklin is very dedicated to his customer's needs, attentive to details, extremely knowledgeable and has great work ethics. And overall Franklin is a good guy. If you need to buy or sell property with minimal stress, I strongly recommend you call Franklin. "-
Iryna T.