Property Details
50 & 5 Smith Road
Leicester
$1,449,000
MLS Number: 4357331
Status: Active
Description
NOW FULLY OCCUPIED!! BRINING IN $13,100/MONTH!! Excellent Investment Opportunity! Approx 8.2% CAP RATE!! This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.
Location |
|
|---|---|
| Address | 50 & 5 Smith Road Leicester |
| Subdivision | None |
| County | Buncombe |
Overview |
|
| Bedrooms | 16 |
| Full Bathrooms | 16 |
| Half Bathrooms | 0 |
| Square Feet | 7732 sqft |
| Lot Size | 1.9 acres |
| Year Built | 2004 |
General |
|
| List Price | $1,449,000 |
| MLS Number | 4357331 |
| Status | Active |
| Office | Asheville Realty Group |
Schools |
|
| Elementary | Unspecified |
| Middle | Unspecified |
| High | Unspecified |
Features |
|
| Type | Eightplex |
| Style | Other |
| Parking | Parking Lot, Parking Space(s) |
| Water/Sewer | Well |
| Floor Coverings | Vinyl |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 06/25/26 4:34 am EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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