50 & 52 Smith Road, Leicester, NC 28748

$1,370,000
16
BD
7,732
SqFt

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Listing courtesy of Asheville Realty Group. INFO@AshevilleRealtyGroup.com

Seller Representative Asheville Realty Group

Sold Price
$1,370,000
List Price
$1,449,000
Closing Date
Aug 27, 2026
Status
CLOSED
MLS#
4357331
Bedrooms
16
Full-baths
16
Living Area
7,732
Lot Size
82,764
Neighborhood
No Neighborhood
Year Built
2004
Acres
1.90

Property Description

This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. This tranquil setting is unique, makes the apartments more desirable, and drives interest. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.

Additional Information

Style
Other
Foundation
Crawl Space
Exterior Finish
Vinyl
Parking
Parking Lot, Parking Space(s)
Special Conditions
Subject to Lease
Lot Description
Green Area
Water
Well
Construction
Off Frame Modular
Roof
Composition
Heating
Electric, Heat Pump

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