About this home

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 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

Facts and features

Schools

• Candler Elementary

  elementary · K-4 · 3.2 mi

  8

• Enka Middle

  middle · 7-8 · 3.3 mi

  6

• Enka High

  high · 9-12 · 4.4 mi

  5

• Mount Pisgah Academy

  high · 9-12 · 2.3 mi

• Enka Intermediate

  elementary · 5-6 · 4.8 mi

  4

• Asheville-Pisgah Christian School

  elementary · K-8 · 2.4 mi

Price history

• Apr 30, 2026 · Listed$1,375,000
• Apr 23, 2026 · Listed$1,375,000
• Mar 27, 2025 · Listing Removed—
• Feb 25, 2025 · Listed For Rent$1,895
• Jun 28, 2023 · Listing Removed—
• May 15, 2023 · Listed For Rent$1,895
• Feb 18, 1987 · Sold$55,000

Tax history

• 2025$3,059 tax · $448,300 assessed
• 2024$2,723 tax · $448,300 assessed
• 2023$2,637 tax · $426,700 assessed
• 2022$2,530 tax · $426,700 assessed
• 2021$2,530 tax · $426,700 assessed
• 2020$2,248 tax · $354,700 assessed
• 2019$2,248 tax · $354,700 assessed
• 2018$2,195 tax · $354,700 assessed

Home value

$1,361,000

• Collateral Analytics$1,361,000

Where it is