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Active

18 Hat Creek Drive

Asheville, NC 28806

Active 271 days on market Listing ID CAR 289941698

$1,050,000

Est. $6,035/mo See my rate

$145/Sq Ft

7,240 sqft · $145/sqft

— Beds
— Baths
7,240 Sq Ft
$145/Sq Ft
9999 Built
3.95 acres Portfolio Listed Oct 30, 2025 Updated Jun 30, 2026 HOA None

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
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Schools

Elementary
Johnston/Eblen
Middle
Clyde A Erwin
High
Clyde A Erwin

School assignments may change. Contact the school district to confirm.

Canopy MLS

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