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. A compelling opportunity for investors seeking to create value and build cash flow in one of Asheville's most accessible and desirable areas.
Property Type(s):
Single Family
|
Tract
|
none
|
Year Built
|
1961
|
|
Community
|
none
|
Garage Spaces
|
1.0
|
|
County
|
Buncombe
|
SCHOOLS
| Elementary School |
Sand Hill-Venable/Enka |
| Jr. High School |
Enka |
| High School |
Enka |
Additional Details
| AIR |
Ceiling Fan(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Other |
| BASEMENT |
Yes |
| GARAGE |
Attached Garage, Yes |
| HEAT |
None |
| LOT |
2.06 acre(s) |
| LOT DESCRIPTION |
Cleared, Level, Open Lot, Private, Wooded |
| LOT DIMENSIONS |
2.06 |
| MLS STATUS |
Active |
| PARKING |
Driveway |
| SEWER |
Shared Septic |
| STORIES |
1 |
| STYLE |
Bungalow, Cottage |
| SUBDIVISION |
none |
| WATER |
Shared Well |
Location
Listed with Keller Williams Professionals
Date last updated: 5/14/26 4:48 AM PDT
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This IDX solution is (c) Diverse Solutions 2026.
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