6-Unit Multifamily in Leicester, NC

This multifamily property in Leicester, North Carolina, in Buncombe County about 20 minutes from downtown Asheville, consists of two triplex buildings and a tiny home on three parcels. The seller reports that the six apartments are remodeled and currently bring in $9,550 per month in rent. Mountain views and a creek along the property boundary add to the setting.

The seller reports extensive updates since acquiring the property, including replaced HVAC systems and water heaters, remodeled kitchens, and one apartment that was fully gutted and remodeled with new stainless steel appliances and modern finishes. New wood steps, a ramp, and porch railings have also been added. The seller reports over $200,000 in updates and repairs, and that rents have increased every year since purchase.

Two additional units are already gutted down to the studs and ready for a buyer's finish, which would bring the property from 7 units to 9, and one of the triplexes could become a fiveplex. Buyers should verify zoning and permitting for any expansion. The tiny home is currently vacant and can be leased long-term or operated as a short-term rental. The property can also be held as it is today.

The seller reports paying electric, trash, and lawn care directly as owner expenses. A property survey and walk-through videos are available from the seller on request. Please do not drive by the property or disturb the tenants.

The property consists of three parcels ((address on request) Leicester Highway, 6 S Turkey Creek Road, and (address on request)) on approximately 1.38 acres at the corner of S Turkey Creek Road and New Leicester Highway. It sits about 20 minutes from downtown Asheville, with mountain views and a creek along the boundary. Please do not drive by the property or disturb the tenants.