12
Asheville, NC, 28804 $ 2,150,000
Bedrooms-- Baths0.0 Sq 5,200 Monthly Estimate*
$ 14,850
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.
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FeaturesGeneralLiving 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
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InteriorInterior 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
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ExteriorExterior 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
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* Excluded FeaturesAffordability Calculator
- 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 NearbyMulti-family listings in Asheville, NC
Average List Price $934,450
Percent of Sale Price 57%
About Asheville, NC 93,508 Population
25% Since 2002
$ 48,694 Median Income
39.56 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/12/2026 | $2,150,000 | | Listed Price |