Income-Generating Potential Near Asheville! This property offers a rare opportunity for investors with two separate dwellings: a 1940s bungalow and a single-wide mobile home, both ripe for renovation and poised to generate excellent rental income. Situated on a picturesque 1.88-acre parcel graced by a beautiful creek, this serene setting is conveniently located just 5.6 miles (12 minutes) from downtown Asheville and close to Weaverville and Leicester. The bungalow provides a good-sized bedroom, living room, dining room, kitchen, and one full bath. The mobile home features a living room, an eat-in kitchen, two bedrooms, one full bath, and a charming screened front porch. Don't miss out on this chance to secure a valuable investment in a prime location with dual rental possibilities!
Under contract-show
$185,000
140 Old Leicester Rd, Asheville, NC 28804
3beds
1,529sqft
Est.:
Manufactured Home
Built in 1940
1.88 Acres Lot
$-- Zestimate®
$121/sqft
$-- HOA
What's special
Beautiful creekCharming screened front porchGood-sized bedroomDining room
- 35 days
- on Zillow |
- 2,402 |
- 144 |
Zillow last checked: 7 hours ago
Listing updated: May 24, 2025 at 08:18am
Listing Provided by:
Linda Reynolds linda.reynolds@allentate.com,
Allen Tate/Beverly-Hanks Waynesville
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4258091

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Heating
- Floor Furnace
Cooling
- None
Appliances
- Included: Electric Range, Refrigerator, Washer/Dryer
- Laundry: In Hall
Features
- Flooring: Carpet, Vinyl, Wood
- Has basement: No
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 1,529
- Total interior livable area: 1,529 sqft
- Finished area above ground: 1,529
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Exterior features: Storage
- Has view: Yes
- View description: Year Round
- Waterfront features: None, Creek
Lot
- Size: 1.88 Acres
- Features: Level, Rolling Slope, Views
Details
- Additional structures: Outbuilding
- Additional parcels included: 9720735636
- Parcel number: 9720737575
- Zoning: None
- Special conditions: Standard
- Other equipment: Fuel Tank(s)
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home
Materials
- Metal, Wood
- Foundation: Crawl Space
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Subdivision: None
Location
- Region: Asheville
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $149,400
- Annual tax amount: $1,418
- Date on market: 5/13/2025
- Listing terms: Cash
- Road surface type: Gravel, Paved
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