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 financials or to schedule a private showing.
Auction
Est. $189,900
7537 Sam Young Rd, Oxford, NC 27565
4beds
1,174sqft
Manufactured On Land, Residential, Manufactured Home
Built in 1995
1.02 Acres Lot
$161,500 Zestimate®
$162/sqft
$-- HOA
What's special
Full acreNew roofHot water heaterNew flooring
- 28 days |
- 614 |
- 16 |
- Loading