18 Hat Creek Drive
Asheville, NC 28806
Est. $6,035/mo — See my rate
$145/Sq Ft
7,240 sqft · $145/sqft
About This Home
PLEASE NO DRIVE-BYl Exceptional investment opportunity in Asheville! This fully leased property offers five income-producing homes across three adjacent PINs, including three singlewide and two doublewide homes — all with strong rental history and reliable tenants. With immediate income from day one and room for future development, this property combines stability, versatility, and long-term potential. Each home is well maintained and thoughtfully placed for privacy and convenience, featuring individual driveways and ample parking. The peaceful setting provides a neighborhood feel while being just minutes from downtown Asheville, shopping, and major highways — a prime location that keeps demand and occupancy rates high. Three parcels are serviced by septic systems and a shared well. With three contiguous lots, the configuration supports possible additional units or redevelopment (subject to county approval). Investors can maintain five established income streams while exploring opportunities to enhance or expand. The homes each offer comfortable living spaces with individual yards, making them attractive for long-term tenants. The consistent occupancy and strong rent performance demonstrate solid cash flow and minimal turnover — ideal for both new and seasoned investors.
Highlights: • five homes total — 3 singlewides and 2 doublewides • Fully leased with strong rental history • Three adjacent PINs with development potential • 3 parcels on septic with shared well • Ample parking and private driveways • Convenient to downtown Asheville, shopping, and highways • Peaceful setting with strong tenant demand.
This turn-key property is ready to continue performing as a proven income generator. With its combination of location, stable rental history, and development flexibility, it’s a rare opportunity in Asheville’s growing market. Whether you’re expanding your portfolio or seeking a property with long-term appreciation potential, this investment checks all the boxes.
Property Details
Interior Details
- Heating
- Heat Pump
- Laundry Features
- Other - See Remarks
- Mainlevelgarageyn
- 0
Square Footage And Levels
- Above Grade Finished Area
- 7240
- Below Grade Finished Area
- 0
Parking And Garage
- Parking Features
- Driveway
Exterior Features
- Roof
- Architectural Shingle
- Metal
- Construction Materials
- Vinyl
- Other - See Remarks
Lot And Land
- Lot Features
- Cleared
- Green Area
- Level
- Rolling Slope
- Wooded
- Views
- Lot Size Acres
- 3.95
- Lot Size Units
- Acres
- Horse Amenities
- None
- Other Structures
- None
Basement And Foundation
- Basement
- Other
- Foundation Details
- Crawl Space
Waterfront And View
- Waterfront Features
- None
Utilities
- Sewer
- Septic Installed
- Water Source
- Shared Well
Financial Information
- Citytaxespaidto
- No City Taxes Paid
Zoning And Restrictions
- Zoningspecification
- R-3
Multi Unit Details
- Total Number Of Units
- 5
Listed by Tatyana Edwards (828-230-2682) · Edwards Realty LLC (828-230-2682)
Location
- Address
- 18 Hat Creek Drive
- City
- Asheville, NC 28806
Schools
- Elementary
- Johnston/Eblen
- Middle
- Clyde A Erwin
- High
- Clyde A Erwin
School assignments may change. Contact the school district to confirm.
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