18 Hat Creek Drive, Asheville, NC 28806
- $1,050,000
- 7,240
- SqFt
- List Price
- $1,050,000
- MLS#
- 4317652
- Status
- ACTIVE
- Property Type
- Residential Income
- Year Built
- 9999
- Price Change
- ▼ $200,000 1770633248
- Days on Market
- 271
- Lot Size
- 172,062
- Lot Size Area
- 3.95
- Living Area
- 7,240
- Sq Ft Total
- 7240
- County
- Buncombe
Property Description
PLEASE NO DRIVE-BYl Exceptional investment opportunity in Asheville! This fully leased property offers five income-producing homes across three adjacent PINs, including three singlewide and two doublewide homes — all with strong rental history and reliable tenants. With immediate income from day one and room for future development, this property combines stability, versatility, and long-term potential. Each home is well maintained and thoughtfully placed for privacy and convenience, featuring individual driveways and ample parking. The peaceful setting provides a neighborhood feel while being just minutes from downtown Asheville, shopping, and major highways — a prime location that keeps demand and occupancy rates high. Three parcels are serviced by septic systems and a shared well. With three contiguous lots, the configuration supports possible additional units or redevelopment (subject to county approval). Investors can maintain five established income streams while exploring opportunities to enhance or expand. The homes each offer comfortable living spaces with individual yards, making them attractive for long-term tenants. The consistent occupancy and strong rent performance demonstrate solid cash flow and minimal turnover — ideal for both new and seasoned investors. Highlights: • five homes total — 3 singlewides and 2 doublewides • Fully leased with strong rental history • Three adjacent PINs with development potential • 3 parcels on septic with shared well • Ample parking and private driveways • Convenient to downtown Asheville, shopping, and highways • Peaceful setting with strong tenant demand. This turn-key property is ready to continue performing as a proven income generator. With its combination of location, stable rental history, and development flexibility, it’s a rare opportunity in Asheville’s growing market. Whether you’re expanding your portfolio or seeking a property with long-term appreciation potential, this investment checks all the boxes.
Additional Information
- Equipment
- Other
- Foundation
- Crawl Space
- Laundry Location
- Other - See Remarks
- Heating
- Heat Pump
- Water
- Shared Well
- Sewer
- Septic Installed
- Exterior Construction
- Vinyl, Other - See Remarks
- Roof
- Architectural Shingle, Metal
- Parking
- Driveway
- Driveway
- Gravel, Dirt
- Lot Description
- Cleared, Green Area, Level, Rolling Slope, Wooded, Views
- Elementary School
- Johnston/Eblen
- Middle School
- Clyde A Erwin
- High School
- Clyde A Erwin
- Zoning
- R-3
- Special Conditions
- None
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Listing courtesy of Edwards Realty LLC. pursuitofrealty@gmail.com
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