135 Sardis Drive, Asheville, NC 28806
- $600,000
- 3
- BD
- 1
- BA
Listing courtesy of Keller Williams Professionals. realtorbradharrison@gmail.com
- List Price
- $600,000
- MLS#
- 4361526
- Status
- ACTIVE
- Days on Market
- 107
- Property Type
- Residential
- Architectural Style
- Bungalow, Cottage
- Year Built
- 1961
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Lot Size
- 89,733
- Lot Size Area
- 2.06
- County
- Buncombe
- Subdivision
- none
- Special Conditions
- None
Property Description
Unlock a rare high-yield investment opportunity in the sought-after Enka area of Asheville. Situated on 2.06 acres, this versatile property includes a single-family home plus five mobile home lots—three with existing homes included—offering multiple income streams and significant upside potential. Based on previous and current market rent projections, the property has the potential to generate approximately $85,200 annually in its current state, with estimated expenses of ~$11,470/year, resulting in a projected NOI of nearly $74,000. Value-add opportunities include increasing below-market rents, filling two vacant mobile home pads, and leasing the garage/shop for additional income. Light improvements such as paint, flooring, and system updates could further enhance rental performance and overall value. Conveniently located just 5 minutes to Brevard Road and Asheville Outlets, 10 minutes to North Carolina Arboretum and Blue Ridge Parkway access, and 15 minutes to Downtown Asheville, this property offers strong rental demand drivers and long-term growth potential. Main home does not currently have a functioning heat source. A compelling opportunity for investors seeking to create value and build cash flow in one of Asheville’s most accessible and desirable areas.
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Additional Information
- Equipment
- Other
- Foundation
- Basement
- Main Level Rooms
- Living Room, Kitchen, Primary Bedroom, Bedroom(s), Bathroom-Full, Bedroom(s)
- Laundry Location
- In Basement
- Heating
- None
- Water
- Shared Well
- Sewer
- Shared Septic
- Exterior Construction
- Vinyl
- Roof
- Architectural Shingle
- Parking
- Driveway, Attached Garage
- Driveway
- Gravel
- Lot Description
- Cleared, Level, Open Lot, Private, Wooded
- Elementary School
- Sand Hill-Venable/Enka
- Middle School
- Enka
- High School
- Enka
- Zoning
- R-3
- Master on Main Level
- Yes
Mortgage Calculator
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