About The Property

Unlock a rare high-yield investment opportunity in the sought-after Enka area of Asheville. Situated on 2.06 acres, this versatile property includes a single-family home plus five mobile home lots—three with existing homes included—offering multiple income streams and significant upside potential. Based on previous and current market rent projections, the property has the potential to generate approximately $73,200 annually in its current state, with estimated expenses of ~$11,470/year, resulting in a projected NOI of nearly $72,000. Value-add opportunities include increasing below-market rents, filling two vacant mobile home pads, and leasing the garage/shop for additional income. Light improvements such as paint, flooring, and system updates could further enhance rental performance and overall value.Read MoreRead Less
Courtesy of Keller Williams Professionals. Brad Harrison, [email protected]
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Lot Size
2.06 Acres
Year Built
1961
MLS Number
4361526
Koren Bowman
REALTOR
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Additional Details

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Appliances & Equipment
Description: "Other"
Basement
Description: "Basement Garage Door"
Building
Finished Area Above Grade: 0, Area: 0, Architecture: "Bungalow", "Cottage", Building Area: 0, Construction Materials: "Vinyl", Levels: "One", Year Built: 1961, Construction Type: Site Built
Cooling
Details: "Ceiling Fan(s)"
Garage
Garage Spaces: 1, Man Level Garage: 0
Heating
Heating: "None"
Laundry
Description: "In Basement"
Lot
Features: "Cleared", "Level", "Open Lot", "Private", "Wooded", Size: 2.06, Size Units: Acres
Property
Zoning: R-3
Roof
Description: "Architectural Shingle"
Utilities
Sewer: "Shared Septic", Water Source: "Shared Well"
Interior Features
SqFt Lower: 0, Main SqFt: 0, Third SqFt: 0, Heated Basement SqFt: 660, UnheatedMan SqFt: 885, Unheated Total SqFt: 1545
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30 Days Snapshot Of 28806
$458k
0%
(avg) sold price
36
-7%
homes sold
89
-8%
(avg) days on market
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Monthly Payment
$0

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Courtesy of Keller Williams Professionals. Brad Harrison, [email protected]

Based on information submitted to the MLS GRID as of . 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. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.