12 Asheville, NC $ 2,150,000
12
$ 2,150,000
Recently Listed
Share Save

12

Asheville, NC, 28804
$ 2,150,000
Bedrooms-- Baths0.0 Sq 5,200

Monthly Estimate*

$ 14,850

12, Asheville, NC 28804 - Image 1
12, Asheville, NC 28804 - Image 2
12, Asheville, NC 28804 - Image 3
12, Asheville, NC 28804 - Image 4
12, Asheville, NC 28804 - Image 5
12, Asheville, NC 28804 - Image 6
12, Asheville, NC 28804 - Image 7
12, Asheville, NC 28804 - Image 8
12, Asheville, NC 28804 - Image 9
12, Asheville, NC 28804 - Image 10
12, Asheville, NC 28804 - Image 11
12, Asheville, NC 28804 - Image 12
12, Asheville, NC 28804 - Image 13
12, Asheville, NC 28804 - Image 14
12, Asheville, NC 28804 - Image 15
12, Asheville, NC 28804 - Image 16
12, Asheville, NC 28804 - Image 17
12, Asheville, NC 28804 - Image 18
12, Asheville, NC 28804 - Image 19
12, Asheville, NC 28804 - Image 20
12, Asheville, NC 28804 - Image 21
12, Asheville, NC 28804 - Image 22
12, Asheville, NC 28804 - Image 23
12, Asheville, NC 28804 - Image 24
12, Asheville, NC 28804 - Image 25
12, Asheville, NC 28804 - Image 26
12, Asheville, NC 28804 - Image 27
12, Asheville, NC 28804 - Image 28
12, Asheville, NC 28804 - Image 29
12, Asheville, NC 28804 - Image 30
12, Asheville, NC 28804 - Image 31
12, Asheville, NC 28804 - Image 32
12, Asheville, NC 28804 - Image 33
12, Asheville, NC 28804 - Image 34
12, Asheville, NC 28804 - Image 35
12, Asheville, NC 28804 - Image 36
12, Asheville, NC 28804 - Image 37
12, Asheville, NC 28804 - Image 38
12, Asheville, NC 28804 - Image 39
12, Asheville, NC 28804 - Image 40
12, Asheville, NC 28804 - Image 41
12, Asheville, NC 28804 - Image 42
12, Asheville, NC 28804 - Image 43
12, Asheville, NC 28804 - Image 44
12, Asheville, NC 28804 - Image 45
12, Asheville, NC 28804 - Image 46
12, Asheville, NC 28804 - Image 47
12, Asheville, NC 28804 - Image 48

Multi-Family Home for sale in Asheville, NC

for $2,150,000. This 5,200 square foot home was built in 1972 on a lot size of 0.85.

Rare opportunity to acquire an established, income-producing four-property rental portfolio approximately 14 minutes from downtown Asheville! The Collins Mountain portfolio includes 20, 12, 28, and 36 Collins Mountain Drive, offering investors a diversified rental operation with three grandfathered STR permits, one established medium-term rental, documented rental performance, and multiple booking configurations. 20 Collins Mountain Drive ("The Move") serves as the portfolio's primary rental attraction, featuring a resort-style outdoor entertainment area with a swimming pool, hot tub, sauna, and fire pit. Neighboring 12 Collins Mountain Drive ("Side Quest") offers a separate guest retreat with its own private hot tub. Both properties operate independently and together through the established "Big Moves" Airbnb listing, allowing investors to accommodate different group sizes and maximize booking opportunities. 36 Collins Mountain Drive adds another permitted STR featuring a private hot tub and sauna, while 28 Collins Mountain Drive ("Hilltop Cabin") operates as a furnished medium-term rental, providing an additional income stream and diversification beyond traditional vacation bookings. Across all four properties, investors benefit from a swimming pool, three hot tubs, two saunas, and multiple guest experiences designed to attract different rental demographics. Furnishings convey, and continued third-party property management is available under a new agreement. Seller-reported improvements include roofing and HVAC updates. With established rental history, multiple income streams, and proximity to downtown Asheville, this portfolio presents an opportunity to acquire an operating rental business with potential for continued revenue optimization. Detailed financials and offering memorandum available upon request.

See more

Multi-Family Active

Price

$ 2,150,000

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.85

Year Built

1972

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4433391

Features
General
Living Area 5200
Sewer Septic Installed
Heating Ductless
Cooling Ductless
Appliances Dishwasher Dryer Indoor Grill Microwave Oven Refrigerator Washer Washer/Dryer
Development Status Completed
HOA Fee 50
Patio/Porch Features Front Porch
Pool Features In Ground
Construction Materials Brick Partial Fiber Cement Wood
Pets Allowed No
Year Built 1972
Property Subtype Portfolio
Parcel Number 972097692400000
Assoc Fee Paid Per Monthly
County Buncombe
New Construction N
Property Type Residential Income
HOA Y
Garage Y/N N
High School Unspecified
City Asheville
Association Name Collins Mountain Owners Association Inc.
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Short Term Rental Allowed
Tax Assessed Value 597990
Listing Terms Cash Conventional FHA
See more
Interior
Interior Amenities Hot Tub Sauna
Basement Finished
Fireplace Features Other - See Remarks
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 3739
Laundry Features Laundry Room
Below Grade Finished Area 1461
See more
Exterior
Exterior Amenities Fire Pit Hot Tub
Parking Features Driveway
Water Source Shared Well
Lot Size Area 0.85
Foundation Details Basement Slab
Building Area Total 5200
Road Surface Type Asphalt Gravel Paved
Road Responsibility Private Maintained Road
Main Level Garage YN N
See more
* Excluded Features
List By
Exp Realty Llc

Broker

Affordability Calculator

$14,850
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,850
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
10/12/2026$2,150,000 Listed Price

Map


See all

12, Asheville, NC, 28804 is a Multi-Family Home for sale at $2,150,000 with 5,200 sqft and a lot size of 0.85. 12 has 0.0 baths and was built in 1972. The property's zip code is 28804 which is in Asheville, NC