Income producing rental property only 15 minutes to downtown Asheville. Add this to your portfolio and purchase at a 7% cap rate with a net operating income of over $50,000. Total of 8.31 acres with 515 ft of road frontage to rolling acreage, two access roads that lead to 7 manufactured homes and 2 site built homes spaced 1/2-3/4 acre per home. The roads are Kaitlyn Road and Thunder Road that provides access to the homes. Two community wells service the homes and owner represents each have their own septic systems. Age of homes range from 1985 - 2001 and vary in condition with some in need of a complete remodel. Produce income right away or bring your vision for a whole new development with buyer to verify.
Closed
$1,218,300
2 Kaitlyn Rd, Weaverville, NC 28787
22beds
8,292sqft
Multi Family
Built in ----
-- sqft lot
$1,218,300 Zestimate®
$147/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: July 05, 2022 at 09:00am
Listing Provided by:
Karen Svites karen.svites@gmail.com,
Keller Williams - Weaverville
Bought with:
Karen Svites
Keller Williams - Weaverville
Source: Canopy MLS as distributed by MLS GRID,MLS#: 3853196
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 16
- Full bathrooms: 15
- 1/2 bathrooms: 1
Heating
- Central, Electric, Forced Air, Heat Pump, Other
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Oven, Refrigerator
- Laundry: Main Level
Features
- Flooring: Carpet, Linoleum, Tile, Wood, Other
Interior area
- Total structure area: 8,292
- Total interior livable area: 8,292 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Parking Space(s), Other - See Remarks
- Uncovered spaces: 4
- Details: Each unit has their own driveway to park with assorted amounts of space..(Parking Spaces: 3+)
Features
- Patio & porch: Other
- Exterior features: Other - See Remarks
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 8.31 Acres
- Features: Paved, Private, Rolling Slope, Sloped, Wooded
Details
- Additional parcels included: 11&23&19&22 Thunder Rd- 5&20 Kaitlyn Dr- 57 Indian Camp Dr-117 Ambleside Dr
- Parcel number: 973407770200000
- Zoning: OU
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum, Vinyl, Other
- Foundation: Other - See Remarks
- Roof: Other - See Remarks
Condition
- New construction: No
Utilities & green energy
- Sewer: Septic Installed
- Water: Community Well, Shared Well, Other - See Remarks
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Weaverville
- Subdivision: None
Other
Other facts
- Road surface type: Gravel, Paved, Other
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Estimated market value
$1,218,300