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… Read More property has the potential to generate approximately $85,200 annually in its current state, with estimated expenses of ~$11,470/year, resulting in a projected NOI of nearly $74,000. 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. Conveniently located just 5 minutes to Brevard Road and Asheville Outlets, 10 minutes to North Carolina Arboretum and Blue Ridge Parkway access, and 15 minutes to Downtown Asheville, this property offers strong rental demand drivers and long-term growth potential. Main home does not currently have a functioning heat source. A compelling opportunity for investors seeking to create value and build cash flow in one of Asheville’s most accessible and desirable areas. Read Less
Courtesy of Keller Williams Professionals.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Lot Size
2.06 Acres
Year Built
1961
MLS Number
4361526
30 Days Snapshot Of 28806
$463k
+2%
(avg) sold price
30
-31%
homes sold
88
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
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
Listings courtesy of Canopy MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. 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 be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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