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.
Address
Open on Google Maps-
Address: 50 & 52 Smith Road
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City: Leicester
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State/county: NC
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Zip/Postal Code: 28748
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Area: NONE
Details
Updated on April 16, 2026 at 1:45 am-
Property ID 4357331
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Price $1,500,000
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Property Size 7732 m²
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Bedrooms 16
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Bathrooms 16
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Garage Size x x
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Year Built 2004
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Property Type Eightplex, Residential Income
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Property Status Active, For Sale
Additional details
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Roof Composition
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Utilities Cable Connected,Electricity Connected
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Sewer Septic Installed
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Cooling Heat Pump
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Heating Electric,Heat Pump
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Flooring Vinyl
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County Buncombe
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Property Type Residential Income
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Parking Parking Lot,Parking Space(s)
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Elementary School Unspecified
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Middle School Unspecified
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High School Unspecified
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Architectural Style Other
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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