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