3150 New Leicester Highway Leicester, NC
$ 800,000
Property Attributes
  • ID#3759154
  • TypeMulti-Family
  • CountyBUNCOMBE
  • CityLeicester
  • AreaBuncombe County
  • Zip28748
  • Style
  • Price$ 800,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms2
  • Sqr Footage6638
  • Lot Size1.38 Acres
Listing Provided Courtesy Of:
Pinnacle Lifestyle Realty LLC
Data Source:
Canopy MLS
Property Description

Investors, this is for you! This five-unit, well-cared-for multifamily property currently brings in nearly $62K gross profit with low expenses. Located 20 minutes from downtown Asheville, there is room to grow in space that is finished but currently being used as storage - could easily be made into another unit (kitchen and bathroom in place). The first building has storage on the first floor (potential for another unit) with a 2/1 unit upstairs and a 1/1 unit attached to the back. The larger home consists of 3 units: 3/1.5, 2/2.5, 2/3. The convenience of New Leicester Highway, availability of high speed internet, and peaceful creek lining the property boundary make this an attractive rental. All units are leased! Property consists of 3 parcels/addresses: 3150 New Leicester Highway / 879134590000000, 6 S Turkey Creek Road / 879134483200000, 10 S Turkey Creek Road / 879134274700000. *MOBILE HOME TO BE REMOVED FROM PROPERTY PRIOR TO CLOSE. NOT INCLUDED IN SALE.*

Elementary School Middle School High School
Leicester/Eblen Elementary School Clyde A Erwin Middle School Clyde A Erwin High School
Price History
7/6/2021 Listed $900,000
10/26/2021 12% - $800,000

General Features

Appliances Ceiling Fan(s), Dishwasher, Dryer, Electric Range, Network Ready, Oven, Refrigerator, Washer
Car Hoasubjectto None
City Leicester
Construction Materials Vinyl Siding
Construction Type Site Built
County Buncombe
Days on Market 45
Directions Take New Leicester Highway from Asheville for 10 miles. Property is located at corner of S Turkey Creek Road and New Leicester Highway. If you get to the Dollar General in Leicester you just passed it
Elementary School Leicester/Eblen
HLA Area 6638
Heating Heat Pump, Heat Pump
High School Clyde A Erwin
Middle/Junior High School Clyde A Erwin
New Construction No
Pets Allowed Yes
Property SubType Multi-Family
Property Type Residential Income
Rent Includes All Utilities
Sewer Shared Septic
Standard Status Active
Street Name New Leicester
Structure Type Apartments
Subdivision Name None
TaxAssessedValue 688600
Tenant Pays None
Total Units 5
Waterfront Features None
Year Built 1991
Zoning Description OU

Interior Features

Full Baths 8
Half Baths 2
Laundry Features Main Level
Living Area 6638
Street Suffix Highway
Total Bedrooms 10
Water Heater Electric

Exterior Features

Building Area Total 6638
Foundation Details Basement Partially Finished
Lot Features Creek Front, Level, Mountain View, Paved, Creek/Stream, Views
Lot Size Area 1.38
Main Level Garage YN No
Parking Features Attached Garage, Parking Space - 4+
Porch Balcony, Deck, Porch-Wrap Around, Screened
Road Responsibility Public Maintained Road
Road Surface Type Asphalt
Water Source Shared Well


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 28748

AVG $590K
AVG 98
Year Built
AVG 1974

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