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MULTI_FAMILY - Oxford, NC
Outstanding opportunity to own a strong income-producing property in Oxford at a newly reduced price of $189,900 (down from $245,000). At this level, the property delivers a 5.8% cap rate, making it a solid addition to any investment portfolio while still offering flexibility for owner-occupants. This 4 Bedroom, 2 Bath manufactured home offers over 1,170 sq. ft. of living space on a full acre, backed by proven rental history and key recent updates. Refreshed in 2017 with new flooring, carpet, and paint, the home also features a new roof (2020), hot water heater (2020), refrigerator (2021), and stove (2017) - helping minimize near-term maintenance costs. Currently generating $1,095/month, this property provides immediate cash flow with tenants on a month-to-month lease, offering versatility to continue as a turnkey rental or transition into an owner-occupied residence with proper notice. ...
Outstanding opportunity to own a strong income-producing property in Oxford at a newly reduced price of $189,900 (down from $245,000). At this level, the property delivers a 5.8% cap rate, making it a solid addition to any investment portfolio while still offering flexibility for owner-occupants. This 4 Bedroom, 2 Bath manufactured home offers over 1,170 sq. ft. of living space on a full acre, backed by proven rental history and key recent updates. Refreshed in 2017 with new flooring, carpet, and paint, the home also features a new roof (2020), hot water heater (2020), refrigerator (2021), and stove (2017) - helping minimize near-term maintenance costs. Currently generating $1,095/month, this property provides immediate cash flow with tenants on a month-to-month lease, offering versatility to continue as a turnkey rental or transition into an owner-occupied residence with proper notice. At the new price point, this home is a compelling value for both investors seeking reliable returns and buyers looking for affordability in a growing market. Contact Jessica today for additional financials. Tenants require 48 hours notice for showings per lease terms.
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Is this your property? Sell it faster with premium placement and targeted ads.