50 & 52 Smith Road
Leicester, NC 28748
16
Bed
16.0
Bath
7,732Sqft
1.90Acres(Lot)
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 easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned inve
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 16Bathroom Information
Full Baths: 16Interior Features
Roof: Composition Appliances: Dishwasher, Electric Range, Refrigerator, Washer/Dryer Laundry Features: In UnitRoofing Information
Composition -
Flooring Information
Flooring: Vinyl Construction Materials: Vinyl -
Heating & Cooling
Heating: Electric, Heat Pump Cooling: Heat Pump WaterSource: Well
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Building Information
Year Built: 2004
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Lot Information
Lot Description: Green Area Lot Size Area: 1.9 acreProperty Information
Property Type: Residential Income Sub Type: Eightplex Style: Other
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Listing Price Information
Original List Price:$1500000
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Tax Information
Tax Assessed Value: 1083400 Parcel Number: 9619-36-1865
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Parking Information
Parking Lot, Parking Space(s)
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School Information
Elementary School: Unspecified Junior High School: Unspecified Senior High School: Unspecified -
Utility Information
Cable Connected, Electricity Connected Sewer: Septic Installed Water Source: Well -
Location Information
Subdivision: None City: Leicester
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 285 Dix Creek No 1 Road, Leicester, NC, 28748 | $329,000 | 3 | 2 | 1,225 | 1,225 SqFt |
| 44 Sluder Branch Road, Leicester, NC, 28748 | $845,000 | 4 | 3 | 2,456 | 2,456 SqFt |
| 12 Jackson Cove Road, Leicester, NC, 28748 | $400,000 | 3 | 2 | 1,799 | 1,799 SqFt |
| 271 Breton Ridge Road, Leicester, NC, 28748 | $505,000 | 3 | 3 | 2,106 | 2,106 SqFt |
| 6 Jackson Cove Road, Leicester, NC, 28748 | $700,000 | 4 | 4 | 3,477 | 3,477 SqFt |
| 79 Bear Creek Hills Drive, Leicester, NC, 28748 | $675,000 | 3 | 3 | 2,787 | 2,787 SqFt |
| 16 Rocking Chair Lane, Leicester, NC, 28748 | $1,690,000 | 3 | 2 | 1,820 | 1,820 SqFt |
| 1021 Alexander Road, Leicester, NC, 28748 | $445,000 | 3 | 2 | 1,430 | 1,430 SqFt |
| 271 Sluder Branch Road, Leicester, NC, 28748 | $495,000 | 3 | 2 | 1,750 | 1,750 SqFt |
| 366 Dix Creek #2 Road, Leicester, NC, 28748 | $849,900 | 4 | 4 | 1,921 | 1,921 SqFt |
Similar Homes To 50 & 52 Smith Road
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ByOwner last updated this listing 06/23/2026 @ 18:20
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