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$1,449,000
16 Beds
16 Baths16 full baths
7,732sqft
50 & 52 Smith Rd, Leicester, NC 28748
$1,449,000
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Multi Family
Built in 2004
$-- HOA
1.9 acres lot
$187/sq.ft
Description
NOW FULLY OCCUPIED!! BRINING IN $13,100/MONTH!! Excellent Investment Opportunity! Approx 8.2% CAP RATE!! 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 ...
Continue Reading- Houzeo last checked: 48 Minutes ago
- Listing updated: May 14, 2026 at 4:47 am
- Listing Provided by: Tonya Oxford (828) 242-1233 , Adam Oxford | Asheville Realty Group (828) 252-1910
- Source: Canopy MLS | MLS#: 4357331
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
2004
HOA Fees
-
Finished Area
7,732 sqft
Lot Size
1.9 acres lot
Basement Area
- sqft
MLS Name
Canopy MLS
MLS Number
4357331
MLS Status
Active
Days on Market
65
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