This is a turnkey rental portfolio, perfect for investors and landlords that desire a self contained property in the WNC mountains. There are 8 separate individual residences. Property is offered fully occupied. Long term tenants tenants with active lease in place. Two site built homes anchor… Read More the property. A 4 bedroom main home and a 2 bedroom cottage. This rental portfolio also features 6 separate manufactured homes of varying ages. This property has a long operating history, complete with property management in place, with Rentahome Asheville. Buyers can expect cash flow on day one, continuing to generate over $120k in yearly in rental income. Tenants are all on updated leases, some are month to month. All of these numbers and rental info is available upon request. The units have been maintained and updated over the years. An improvements list is available upon request. The property consists of 3 separate parcels, amounting to 4.5 acres. Utilities in place with 2 shared wells, 4 shared septics, and trash service in place for tenants. Quiet, private, gorgeous views, and the tenants all keep to themselves and share the space collectively. If you're seeking a well oiled machine, actively generating income, come take a look at this special property. Property was appraised within the last 60 days. Also listed as multifamily rental portfolio MLS #4373451 Read Less
Courtesy of Patton Allen Real Estate LLC, Tyler Davis, [email protected].
Listing Snapshot
Days Online
23
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
2,500
Lot Size
4.5 Acres
Year Built
1928
MLS Number
4376195
30 Days Snapshot Of 28715
$537k
+5%
(avg) sold price
18
-45%
homes sold
59
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Interior Features
Main SqFt: 1500, SqFt Lower: 0, Third SqFt: 0, Unheated Total SqFt: 0
Appliances & Equipment
Description: "Dishwasher", "Oven"
Building
Finished Area Above Grade: 2500, Area: 2500, Architecture: "Arts and Crafts", "Cottage", Building Area: 2500, Construction Materials: "Vinyl", "Wood", Levels: "Two", Year Built: 1928, Construction Type: Manufactured, Site Built
Cooling
Details: "Ductless"
Exterior Features
Features: "Fire Pit"
Heating
Heating: "Ductless"
Laundry
Description: "Mud Room"
Lot
Size: 4.5, Size Units: Acres
Roof
Description: "Architectural Shingle", "Metal"
Utilities
Sewer: "Septic Installed", "Shared Septic", Water Source: "Shared Well", "Well"
Garage
Man Level Garage: 0
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