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Libby Allison

libbyallison1@gmail.com +1(704) 345-7757

$1,375,000

Est. payment - /mo

4 Beds

2 Baths

2,500 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $550

MLS Listing ID 4376195

Style Arts and Crafts,Cottage

Bedrooms 4

Full Baths 2

Construction Status Completed

Abv Grd Liv Area 2,500

Year Built 1928

Lot Size 4.500 Acres

Acres 4.5

Property Sub-Type Single Family Residence

Property Description

This is a turnkey rental portfolio, perfect for investors and landlords that desire a self contained property in the WNC mountains. Long term tenants in place in 7 of the 8 units. Two site built homes anchor the property. A 4 bedroom main home and a 2 bedroom cottage. This rental portfolio also features 6 separate manufactured homes of varying ages. The 4 bedroom main home is currently vacant and open for showings. The other units are occupied and will not be available for online showing requests, and arrangements must be made in advance. This property has a long operating history, complete with longstanding property management in place, with Rentahome Asheville. Buyers can expect cash flow on day one, continuing to generate over $100k 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

Location

State NC

County Buncombe

Zoning OU

Rooms

Guest Accommodations Guest House,Separate Entrance,Separate Living Quarters,Separate Utilities

Primary Bedroom Level Upper

Main Level Bedrooms 2

Main Level Kitchen

Main Level Bedroom(s)

Upper Level Bedroom(s)

Upper Level Primary Bedroom

Main Level Living Room

Upper Level Bathroom-Full

Main Level Bathroom-Full

Main Level Laundry

Interior

Heating Ductless

Cooling Ductless

Fireplace true

Appliance Dishwasher, Oven

Laundry Mud Room

Exterior

Exterior Feature Fire Pit

Roof Type Architectural Shingle,Metal

Street Surface Asphalt,Paved

Garage false

Building

Dwelling Type Manufactured,Site Built

Foundation Slab

Sewer Septic Installed, Shared Septic

Water Shared Well, Well

Architectural Style Arts and Crafts, Cottage

Level or Stories Two

Structure Type Vinyl,Wood

New Construction false

Construction Status Completed

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Senior Community false

Acceptable Financing Cash, Conventional, Private, USDA Loan

Listing Terms Cash, Conventional, Private, USDA Loan

Special Listing Condition Subject to Lease, None

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Listed by Tyler Davis • Patton Allen Real Estate LLC • ashevillehometeam@gmail.com

Nearby School & Business

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Libby Allison

+1(704) 345-7757

Agent | License ID: 303873

Agent License ID: 303873

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290 Hookers Gap RD Candler, NC 28715

Libby Allison

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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