Tracy DeCicco
REALTOR®
MLS#4360322
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
4 Manufactured Homes ? Investment Opportunity- Addresses are 150, 197, 201, and 202 Golden Oaks Lane, EllenboroGolden 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 Oaks1994 Horton Doublewide | 3BR / 2BATitle in handMonth-to-month tenant (long-term, strong payment history)Rent: $1,000/month197 Golden Oaks1997 Oakwood Singlewide | 3BR / 2BATitle in handTenant in place (lease)Rent: $1,100/month201 Golden OaksRenovated Singlewide | 2BR / 1BAUpdated kitchen, bath, flooring, and paintBill of sale only (no title)Currently vacantProjected Rent: $800?$900/month202 Golden Oaks1995 Oakwood Singlewide | 2BR / 2BATitle in handMonth-to-month tenantRent: $950/month (includes water)Utilities & Maintenance:Tenants reimburse water (bill remains in owner's name)Tenants responsible for yard maintenance and general upkeepLand 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/yearStabilized Income (all 4 units rented):$3,850?$3,950/month | $46,200?$47,400/yearAnnual Lot Rent:$15,840/year
Property Features
Property Type: Commercial - Business
Year Built: 1994
Feature Descriptions
Days on Site: 4
Parcel#: 0000
Parking: Driveway
Sewer: Septic Installed
Water: City
Listed By / Shown By
Listed By
Agency Name: Asheworth Group WNC Real Estate LLC
Agency Contact: lakelureproperties@gmail.com
Shown By
Agent Name: Tracy DeCicco
Agent Phone: (704) 408-7704
Agency Title: Lake Norman Realty
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150 Golden Oaks Lane | MLS# 4360322
This commercial property located at 150 Golden Oaks Lane, Ellenboro, NC 28080 is currently listed for sale with an asking price of $150,000. Search Ellenboro real estate on tracyd.lakenormanrealty.com today.