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$150,000
Est. payment /mo
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
4 Manufactured Homes – Investment Opportunity- Addresses are 150, 197, 201, and 202 Golden Oaks Lane, Ellenboro
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
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
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© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Angelia Peterson • Asheworth Group WNC Real Estate LLC • lakelureproperties@gmail.com
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