
$1.38M
4 Beds · 2 Baths · 2,500 Sqft
Active$1.38M · 4 bd · 2 ba · 2500 sqft
This is a turnkey rental portfolio, perfect for investors and landlords that desire a self contained property in the WNC mountains. There are 8 separate individual residences. Property is offered fully occupied. Long term tenants tenants with active lease in place. Two site built homes anchor the property. A 4 bedroom main home and a 2 bedroom cottage. This rental portfolio also features 6 separate manufactured homes of varying ages. This property has a long operating history, complete with property management in place, with Rentahome Asheville. Buyers can expect cash flow on day one, continuing to generate over $120k in yearly in rental income. Tenants are all on updated leases, some are month to month. All of these numbers and rental info is available upon request. The units have been maintained and updated over the years. An improvements list is available upon request. The property consists of 3 separate parcels, amounting to 4.5 acres. Utilities in place with 2 shared wells, 4 shared septics, and trash service in place for tenants. Quiet, private, gorgeous views, and the tenants all keep to themselves and share the space collectively. If you're seeking a well oiled machine, actively generating income, come take a look at this special property. Property was appraised within the last 60 days. Also listed as multifamily rental portfolio MLS #4373451
Location
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Listed by Patton Allen Real Estate LLC · ashevillehometeam@gmail.com MLS# CAR4376195
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 06/14/2026, 07:34:58 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Information deemed reliable but not guaranteed. Buyer to verify all information.

Compass
Founder of Luxury Communities and a seasoned luxury real estate advisor in Asheville and Western North Carolina. Brian specializes in private gated communities, luxury estates, and second-home destinations, with a strategic and technology-driven approach to matching buyers with the right communities and opportunities.
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