Six remodeled multifamily apartments across two triplex buildings plus a tiny home on three parcels in Leicester, NC, roughly 20 minutes from downtown Asheville. The seller reports current rents of $9,550 per month on the six apartments ($114,600 annualized), with mountain and creek views.

The rent roll on this investment property runs from $1,300 for a one-bedroom to $1,800 for a two-bedroom, with the remaining four units at $1,600 to $1,625. The seller reports that rents have increased every year since purchase.

The tiny home is currently vacant and is not included in the figure above. The seller cites $1,300 per month as a long-term rental or $2,300 per month as a short-term rental.

Recent updates reported by the seller include 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.

Two additional units are already gutted down to the studs and ready for a buyer's finish. Completing them would bring the property to 9 units, and one of the triplexes could become a fiveplex. Buyers should verify zoning and permitting for any expansion. The property can also be held as it is today.

Leicester sits in the Asheville metro area in Buncombe County. The property has mountain views, a creek along the boundary, and everyday conveniences nearby.

The survey and walk-through videos are available to qualified buyers on request. Please do not drive by the property or disturb the tenants. This can be Airbnb or value add multifamily rental portfolio.