Income producing rental property only 15 minutes to downtown Asheville. Add this to your portfolio and purchase at a 7% cap rate with a net operating income of over $50,000. Total of 8.31 acres with 515 ft of road frontage to rolling acreage, two access roads that lead to 7 manufactured homes and 2 site built homes spaced 1/2-3/4 acre per home. The roads are Kaitlyn Road and Thunder Road that provides access to the homes. Two community wells service the homes and owner represents each have their own septic systems. Age of homes range from 1985 - 2001 and vary in condition with some in need of a complete remodel. Produce income right away or bring your vision for a whole new development with buyer to verify.
Multi-familyProperty Type
8.31 acresLot Size
$75Price/Sq.Ft.
4 spacesParking
Listed by Karen Svites• Keller Williams Professionals
Bought with Karen Svites• Keller Williams Professionals
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
8.31 Acres
Year renovated
—
Sq. Ft.
1,568
Year built
2003
Style
Vacant Land
County
Buncombe County
APN
973407770200000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
OU
Open Use District
The OU Open Use District is established as a district in which all uses are allowed by right, except for certain uses that are regulated as conditional uses so as to ensure that neighborhood impact is mitigated. Additionally, those uses which are specific to the Airport Industry District (AI) are excluded from the OU Open Use District. The neighborhood impact from conditional uses will be mitigated through the use of minimum specific site standards combined with general standards which provide the flexibility to impose a higher level of specific site standards dependent upon the degree of neighborhood impact. No zoning permit shall be required for permitted uses in the OU Open Use District.
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Manufacturing
Warehouse
Hotel / motel
Office
Property details
Parking
Parking Information
Main Level Garage Y/N: 0
SqFt Garage: 0
Parking Features: Driveway, Parking Space - 4+, Other
Other Parking: Each unit has their own driveway to park with assorted amounts of space.
Flooring: Carpet, Linoleum, Tile, Wood, See Remarks
Exterior
Building Information
Construction Type: Manufactured,Site Built
Construction Materials: Aluminum Siding, Vinyl Siding, Other
Construction Status: Complete
Exterior Features
Porch: Other
Exterior Features: Other
Property Features
Property Features: Cable Available
Property Information
Property Type: Residential Income
Property Sub Type: Multi-Family
Lot Information
Lot Features: Mountain View, Paved, Private, Rolling Slope, Sloped, Wooded
Lot Size Area: 8.31
Lot Size Units: Acres
Lot Size Dimensions: per tax records
Road Surface Type: Gravel
Road Responsibility: Private Maintained Road
Zoning NCM: OU
Financial
Lease / Rent Details
Tenant Pays: Cable TV, Electricity
Utilities
Utility Information
Water Source: Community Well, Shared Well, Other
Sewer: Septic Installed
Water Heater Information: Other
Location
Multi-Unit Information
# of Units (Total): 9
# of Units: 9
Number Of Completed Units Total: 9
HOA Information
HOA Subject To Dues: No
HOA Subject To: None
School Information
Elementary School: North Buncombe/N. Windy Ridge
Middle Or Junior High School: North Buncombe
High School: North Buncombe
Location Information
Directions: Follow 19/23 North to exit 19A onto 25/70. Follow 3.8 miles to Sheppard Branch Road. Left onto Indian Camp Branch Road. Follow to Thunder Road on the left takes you to 22 and 24 Thunder and 11 and 23 Thunder. Kaitlyn Road is accessed from Thunder Road and Indian Camp Branch Road. Appointment required. Do not disturb tenants.
Community Information
Pets Allowed: Yes
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,568
Stories: 1.0
Lot Size: 8.31 acres
Style: Vacant Land
Year Built: 2003
Year Renovated: —
County: Buncombe County
APN: 973407770200000
Home facts updated by county records on Oct 30, 2026
Other
Home Information
Total Primary HLA: 8292
Living Area: 8292
Sq. Ft. Additional: 0
Building Area Total: 8292
Foundation Details: See Remarks
Structure Type: Other
Around this home
Schools
K - 12
Preschool & daycare
North Buncombe Elementary
Public PreK-4 • Assigned • 2.0mi
8/10
North Buncombe Middle
Public 7-8 • Assigned • 3.5mi
9/10
North Buncombe High
Public PreK-12 • Assigned • 2.7mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 99° expected this year, 20 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Weaverville, NC • 28787
Average low and high temperatures (°F)
46
26
55
33
66
42
73
51
74
56
83
65
86
70
80
63
78
58
68
48
62
41
52
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 5 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
5 hrs
JuneDecember
Provided by Shadowmap
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