Description
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 $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, but seller will install baseboard heaters if required for a loan. A compelling opportunity for investors seeking to create value and build cash flow in one of Asheville’s most accessible and desirable areas.
Address
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Address: 135 Sardis Drive, Asheville, North Carolina 28806
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City: Asheville
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State/county: NC
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Zip/Postal Code: 28806
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Area: NONE
Details
Updated on May 19, 2026 at 3:47 pm-
Property ID 4368987
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Price $600,000
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Property Size 3325 m²
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Bedrooms 11
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Bathrooms 7
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Garage 1
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Year Built 1961
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Property Type Portfolio, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash
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Roof Architectural Shingle
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Sewer Shared Septic
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Cooling Ceiling Fan(s)
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Heating Heat Pump
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County Buncombe
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Property Type Residential Income
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Parking Driveway, Attached Garage
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Elementary School Sand Hill-Venable/Enka
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Middle School Enka
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High School Enka
Features
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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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