This is a turnkey rental portfolio, perfect for investors and landlords that desire a self contained property in the WNC mountains. There are 8 separate individual residences. Property is offered fully occupied. Long term tenants tenants with active lease in place. Two site built homes anchor the property. A 4 bedroom main home and a 2 bedroom cottage. This rental portfolio also features 6 separate manufactured homes of varying ages. This property has a long operating history, complete with property management in place, with Rentahome Asheville. Buyers can expect cash flow on day one, continuing to generate over $120k in yearly in rental income. Tenants are all on updated leases, some are month to month. All of these numbers and rental info is available upon request. The units have been maintained and updated over the years. An improvements list is available upon request. The property consists of 3 separate parcels, amounting to 4.5 acres. Utilities in place with 2 shared wells, 4 shared septics, and trash service in place for tenants. Quiet, private, gorgeous views, and the tenants all keep to themselves and share the space collectively. If you're seeking a well oiled machine, actively generating income, come take a look at this special property. Property was appraised within the last 60 days. Also listed as multifamily rental portfolio MLS #4373451
Property Details
- Cooling
- Ductless
- Heating
- Ductless
- Cooling Features
- Ductless
- Acres
- 0.0
- Square Feet
- 2124.0
- Lot Size (sqft)
- 4.5
- Property Type
- Multi-Family
- Year Built
- 1928
- Foundation
- Slab
- Sewer Information
- Septic Installed, Shared Septic
- Utility Source
- Shared Well, Well
- Appliances
- Dishwasher, Oven
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- County
- BUNCOMBE
- Region
- Candler
- Original List Price
- $1,375,000
- Days on Market (Cumulative)
- 129
- Pets
- 1
- MLS #
- 4373451
- Property Subtype
- Eightplex
- Parcel Number
- 8698882464
- MLS #
- 4373451
- Date Listed
- April 23, 2026
- Address
- 290 Hookers Gap Road
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-04-23T22:47:05Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Provided By
Listed by Tyler Davis (#CAR82357)
Listing Office: Patton Allen Real Estate LLC (#CARR02207)
