+5 more
/ 10
$150,000
7 ba
150 Golden Oaks Lane
Ellenboro, NC 28080
Active
Property Type
Commercial Sale
Year Built
1994
Lot Size
—
Garage
—
About This Home
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
Property Details
Interior
- Bathrooms
- 7
Exterior & Lot
- Year Built
- 1994
Location
- County
- Rutherford
- ZIP Code
- 28080
Financial
- Listing Terms
- Cash, Owner Financing
Utilities
- Sewer
- Septic Installed
Schools
Location
Listing Information
- MLS #
- CAR4360322
- Listing Agent
- Angelia Peterson
- Listing Office
- Asheworth Group WNC Real Estate LLC
- Listed Date
- Mar 23, 2026
Contact Jonathan Jackson About This Property
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