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Trish Luzzi

trish.luzzi@engelvoelkers.com +1(828) 423-0248

$ 1,500,000

Est. payment -/mo

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Active

50 & 52 Smith RD Leicester, NC 28748

16 Beds

16 Baths

7,732 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Eightplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,732 sqft

Price per Sqft $193

MLS Listing ID 4357331

Style Other

Bedrooms 16

Full Baths 16

Construction Status Completed

Abv Grd Liv Area 7,732

Year Built 2004

Lot Size 1.900 Acres

Acres 1.9

Property Sub-Type Eightplex

Property Description

Excellent Investment Opportunity! 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

State NC

County Buncombe

Zoning OU

Interior

Heating Electric, Heat Pump

Cooling Heat Pump

Flooring Vinyl

Appliance Dishwasher, Electric Range, Refrigerator, Washer/Dryer

Laundry In Unit

Exterior

Utilities Available Cable Connected, Electricity Connected

View Mountain(s)

Roof Type Composition

Street Surface Asphalt,Paved

Porch Deck

Garage false

Building

Lot Description Green Area

Dwelling Type Off Frame Modular

Foundation Crawl Space

Sewer Septic Installed

Water Well

Architectural Style Other

Structure Type Vinyl

New Construction false

Construction Status Completed

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Pets Allowed Yes

Senior Community false

Special Listing Condition Subject to Lease

Listed by Tonya Oxford • Asheville Realty Group • INFO@AshevilleRealtyGroup.com

NEARBY SCHOOLS & PROPERTIES

Trish Luzzi

Advisor | License ID: 308410

+1(828) 423-0248

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