17 Hat Creek Drive, Asheville, NC
$1,050,000 · 7,240 sq ft · built 9999
Listing courtesy of Edwards Realty LLC (Tatyana Edwards). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
PLEASE NO DRIVE-BYl Exceptional investment opportunity in Asheville! This fully leased property offers five income-producing homes across three adjacent PINs, including three singlewide and two doublewide homes — all with strong rental history and reliable tenants. With immediate income from day one and room for future development, this property combines stability, versatility, and long-term potential. Each home is well maintained and thoughtfully placed for privacy and convenience, featuring individual driveways and ample parking. The peaceful setting provides a neighborhood feel while being just minutes from downtown Asheville, shopping, and major highways — a prime location that keeps demand and occupancy rates high. Three parcels are serviced by septic systems and a shared well. With three contiguous lots, the configuration supports possible additional units or redevelopment (subject to county approval). Investors can maintain five established income streams while exploring opportunities to enhance or expand. The homes each offer comfortable living spaces with individual yards, making them attractive for long-term tenants. The consistent occupancy and strong rent performance demonstrate solid cash flow and minimal turnover — ideal for both new and seasoned investors. Highlights: • five homes total — 3 singlewides and 2 doublewides • Fully leased with strong rental history • Three adjacent PINs with development potential • 3 parcels on septic with shared well • Ample parking and private driveways • Convenient to downtown Asheville, shopping, and highways • Peaceful setting with strong tenant demand. This turn-key property is ready to continue performing as a proven income generator. With its combination of location, stable rental history, and development flexibility, it’s a rare opportunity in Asheville’s growing market. Whether you’re expanding your portfolio or seeking a property with long-term appreciation potential, this investment checks all the boxes.
Price in context
- Asking $145 per square foot.
- That is 72% below the $525 median across 183 active $1.5M+ homes in Asheville.
- 180th highest asking price of 183 active $1.5M+ homes in Asheville.
- 14th largest by living area of the 164 with a recorded size.
- Reduced $200,000 (16.0%) from the original $1,250,000 asking price.
- 101 days on the market, listed 2025-10-30.
- County tax assessment $99,999; the asking price is 10.50× the assessed value.
Location
Assigned schools
- Elementary: Johnston/Eblen
- Middle: Clyde A Erwin
- High: Clyde A Erwin
School assignments come from the listing and can change; confirm with the district.
Features
- Construction
- Vinyl, Other - See Remarks
- Roof
- Architectural Shingle, Metal
- Basement
- Other
- Kitchen & appliances
- Other
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Parking
- Driveway
- Waterfront
- None
- Lot
- Cleared, Green Area, Level, Rolling Slope, Wooded, Views
- County
- Buncombe
Comparable homes on the market
- 215 N Bear Creek Road, Asheville — $2,500,000, 1.2 mi away
- 215 N Bear Creek Road, Asheville — $2,500,000, 1.2 mi away
- 62 Destination Drive, Asheville — $4,700,000, 2.5 mi away
- 192 Brevard Road #4, Asheville — $1,600,000, 4 bd, 1,711 sq ft, 2.6 mi away
- 0000 New Leicester Highway, Asheville — $1,200,000, 3 bd, 1,032 sq ft, 2.7 mi away
- 24 Dellwood Street, Asheville — $1,100,000, 5 bd, 2,746 sq ft, 3.2 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.