Other

50 & 52 Smith Road

Leicester, NC 28748

MLS#: 4357331

$1,500,000

Status: Active
Listing number: 4357331
Listing provided by: Asheville Realty Group
Listing agent phone: None
Last update: 4 days ago
On site: 14 days ago
Browse Properties
None - Residential Income

Property

Beds

16

Full Baths

16

1/2 Baths

None

Year Built

2004

Sq.Footage

7,732

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.

Features & Amenities

Interior

  • Total Bedrooms

    16

  • Bathrooms

    16

  • Above Grade Finished Area

    7732.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Heat Pump

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Parking

    Parking Lot

  • Patio and Porch Features

    Deck

  • Pool

    No

  • View

    Mountain(s)

Area & Lot

  • Property Type

    Residential Income

  • Architectural Style

    Other

Price

  • Sales Price

    $1,500,000

  • Sq. Footage

    7, 732

  • Price/SqFt

    $193

HOA

  • Association

    No

School District

  • Elementary School

    Unspecified

  • Middle School

    Unspecified

  • High School

    Unspecified

Property Features

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Water Source

    Well

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Location

County

Buncombe

Elementary School

Unspecified

Middle School

Unspecified

High School

Unspecified

Listing Courtesy of Tonya Oxford , Asheville Realty Group

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Agent Zaneta Mowatt

Agent

Zaneta Mowatt

Call Zaneta today to schedule a private showing.

(704) 904-7596

(803) 395-8684

zaneta@prestinoadvantage.com


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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.

50 & 52 Smith Road

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Rare opportunity to acquire three adjacent properties just 15 minutes from Asheville, offering a strong investment setup with immediate income and upside. The two rental homes currently generate $2,600 and $2,100 per month, while the main house presents an ideal short-term rental or vacation stay opportunity. Located outside city limits with no HOA, no city taxes, and no restrictions on short-term rentals, the flexibility here is hard to find. All three homes feature open floor plans, tall ceilings, and recent updates, with the main residence also offering a bonus room, two-car garage, and an unfinished basement with exterior access and high ceilings suitable for additional living space or potential apartment conversion. Mountain views, fenced yards, and a private setting round out a property well positioned for investors seeking both current cash flow and future value.
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