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50 & 52 Smith Road, Leicester, NC 28748

Leicester
Local realty services provided by:CENTURY 21 Mountain Lifestyles
Listed by: tonya oxford, adam oxford
Office: asheville realty group
MLS#:4357331
Source:CH
50 & 52 Smith Road,Leicester, NC 28748
$1,449,000
  • 16 Beds
  • 16 Baths
  • 7,732 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,449,000
  • Price per sq. ft.:$187.4

About this home

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 investors looking to grow their portfolio.

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Home facts

  • Year built:2004
  • Listing ID #:4357331
  • Updated:June 13, 2026 at 01:21 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Electric Range, Refrigerator
  • Living area:7,732 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Roof:Composition
  • Year built:2004
  • Building area:7,732 sq. ft.
  • Lot area:1.9 Acres
  • Lot Features:Green Area
  • Construction Materials:Vinyl
  • Foundation Description:Crawl Space

Schools

  • High school:Unspecified
  • Elementary school:Unspecified

Utilities

  • Water:Well
  • Sewer:Septic (At Site)

Finances and disclosures

  • Price:$1,449,000
  • Price per sq. ft.:$187.4

Parking

  • Parking description:Parking Lot
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