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    17 Hat Creek Dr Asheville, NC 28806

    View on Map
    Sponsored
    For Sale
    $1,050,000

    MULTI_FAMILY - Asheville, NC

    Lot size:
    3.95 Acres
    Days on Market:
    37
    Last Refresh:
    Mar 18 at 4:06 pm

    Property Features for 17 Hat Creek Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bedroom 5, Bathroom 5, Bedroom 7, Bathroom 9, Bedroom 2, Bathroom 8, Bathroom 4, Bathroom 7, Bedroom 9, Bathroom 1, Bedroom 6, Bedroom 11, Bathroom 6, Bathroom 10, Bedroom 4, Bedroom 14, Bedroom 3, Bedroom 12, Bedroom 10, Bathroom 2, Bathroom 3, Bedroom 8, Bedroom 13, Bedroom 1
    Bedrooms
    14
    APN
    9618-86-8172-00000
    Parking features
    Driveway
    Lot size
    3.95 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Well

    Building Details

    Number of units
    6
    Building materials
    Vinyl
    Roof type
    Shingle, Metal

    We can help!

    Listing Contact
    Tatyana Edwards

    Edwards Realty LLC (828) 230-2682

    Listing agent Tatyana Edwards (828) 230-2682

    Listing date Feb 9, 2026

    MLS# 4317652 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Asheville Multifamily Investment Opportunity

    This fully leased property in Asheville presents an exceptional investment opportunity, featuring five income-producing homes situated across three adjacent PINs. The property includes three singlewide and two doublewide homes, all with a strong rental history and reliable tenants. The homes are thoughtfully placed for privacy and convenience, each featuring individual driveways and ample parking. Located minutes from downtown Asheville, shopping, and major highways, the property benefits from a prime location that supports high demand and occupancy rates. The 3.95-acre property consists of three contiguous lots serviced by septic systems and a shared well, offering potential for additional units or redevelopment, subject to county approval. Investors can maintain five established income streams while exploring opportunities to enhance or expand the property. Each home offers 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. The property is zoned R-3. This turn-key property is ready to continue performing as a proven income generator, offering a combination of location, stable rental history, and development flexibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.63691433
    Latitude
    35.58091065

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    FAQs

    What type of property is this?
    Mobile home & RV park - Fully leased property with five homes near downtown Asheville.
    Where is this mobile home & rv park located?
    The property is located at 17 Hat Creek Dr Asheville, NC.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Fully leased property with five income-producing homes and strong rental history, providing immediate income.; - **Prime location minutes from downtown Asheville, shopping, and major highways, ensuring high demand and occupancy.**; - Three adjacent PINs offer future development potential, subject to county approval.
    (828) 230-2682
    Request Owner's contact information
    17 Hat Creek Dr Asheville, NC 28806
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    Asheville, NC 28806
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Hat Creek Dr Asheville, NC 28806
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    We can help!
    Listing Contact
    Tatyana Edwards
    Real Estate License ID: 263766
    (828) 230-2682
    Learn more
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