View All Buncombe County NC Cash Only Homes Listings

214 Short Michigan  Avenue, Asheville
$975,000
8 Beds ⋅ 4405564 MLS
Asheville Investment Portfolio Opportunity – Tenant-Occupied Rental Properties with Immediate Income! Rare opportunity to acquire income-producing investment properties in Asheville with established tenants and immediate rental potential. This portfolio is ideal for both first-time investors looking to purchase their first rental property and experienced investors seeking to expand their real estate portfolio with additional Asheville assets. Featuring tenant-occupied rental properties, including 214 Short Michigan Avenue and 40 Mulberry Street, this opportunity provides the advantage of existing rental income and a streamlined transition for the next owner. These properties are conveniently located near one another, offering an excellent opportunity for investors looking for easier property management and strategic portfolio growth. Located near downtown Asheville, restaurants, breweries, shopping, entertainment, and major amenities, these properties benefit from strong rental demand in one of Western North Carolina's most desirable real estate markets. Whether you're searching for an Asheville investment property, rental property, income-producing real estate, long-term rental opportunity, cash-flow investment, or portfolio acquisition, this opportunity offers flexibility and long-term potential. properties may be purchased individually or together, allowing buyers to customize their investment strategy. Please see individual MLS listings for additional details on each property. Opportunities to acquire tenant-occupied Asheville rental properties with portfolio flexibility are limited. Schedule your private showing today and explore this unique investment opportunity.

214 Short Michigan Avenue, Asheville

309 Sourwood  Road Unit #3, Black Mountain
$255,000
3 Beds ⋅ 2 Baths ⋅ 4404926 MLS
Bring your vision and a comprehensive renovation plan to this character-rich 1963 property in Black Mountain’s Christmount community. Architectural highlights include dramatic vaulted exposed-wood ceilings, hardwood flooring, wood-paneled accents, a brick fireplace and a wooded setting. One full bath, which features a newer vanity and enclosed tub/shower. The property requires substantial rehabilitation and does not currently have a qualifying permanently installed heat source; no heated living area is represented. This is an Investor Special and will only qualify for hard money loan or cash purchase. Home needs significant rehab but has ample potential for return on investment if issues are addressed, sqft is increased and layout improved. The basement could easily be finished adding two more bedrooms/bonus rooms, an additional bathroom, and full laundry area. There is also potential to extend to main floor out over the garage, adding 600-800 sqft more of HLA in place of the existing deck, but would need to have an engineer approve plans. Known conditions include roof leakage, an unsafe deck, significant basement moisture intrusion and visible mold-like/microbial growth requiring professional evaluation, remediation and correction of the underlying moisture source. Subject to Christmount POA governing documents, private-road provisions and architectural approval requirements. Buyer must independently verify measurements, room designations, systems, permits, condition, restrictions, intended use and renovation feasibility. Currently tenant occupied, showing by appointment only. Do not disturb current tenants without a scheduled showing.

309 Sourwood Road Unit #3, Black Mountain

6 Rain Cloud  Road, Candler
$127,000
2 Beds ⋅ 2 Baths ⋅ 4387440 MLS
Bring your vision and unlock the potential at 6 Rain Cloud Rd in Candler, NC! Located just outside of Asheville, this unique property offers a rare combination of privacy, usable land, investment potential, and convenience to town — all while avoiding city taxes and still benefiting from city water access. The property includes an older singlewide manufactured home that will need repairs and updates, making it an excellent opportunity for investors, buyers looking for a renovation project, or anyone wanting affordable acreage in a highly desirable area of Western North Carolina. Whether you choose to renovate the existing home, use it while building future plans, or start fresh, the value here is truly in the land, location, and possibilities. Included in the sale are two separate parcels totaling approximately 1.75+/- acres combined. The primary parcel features the existing home and nearly an acre of land, while the additional parcel offers just over three-quarters of an acre of additional space and flexibility. Buyers are encouraged to verify with the county the potential for an additional homesite, guest home, manufactured home placement, or other future uses for the second parcel depending on their needs and intended use. The setting offers a peaceful and private feel with room to spread out and enjoy mountain living. There is plenty of space for gardening, hobby farming, chickens, small animals, outdoor entertaining, RV parking, storage buildings, workshops, or simply enjoying extra elbow room that is increasingly difficult to find this close to Asheville. Mature trees and natural surroundings provide privacy while still maintaining convenient access to shopping, dining, schools, medical facilities, and major roadways. Located in Candler, this property places you within a short drive of Asheville, making commuting simple while still allowing you to enjoy a quieter, more rural atmosphere. Properties with multiple parcels, city water availability, and flexible possibilities are becoming harder to find at an affordable price point in Buncombe County. This property is being sold as-is and will likely require cash or renovation financing due to the condition of the home. Buyers should verify all aspects important to them including zoning, land use possibilities, additional building potential, utilities, manufactured home regulations, and subdivision possibilities. Whether you are searching for a fixer-upper, land investment, rental opportunity, homestead setup, or a property with future development potential, 6 Rain Cloud Rd offers an exciting opportunity to create something special in a growing area of Western North Carolina.

6 Rain Cloud Road, Candler

5 Lillie Farm  Lane, Weaverville
$425,000
3 Beds ⋅ 2 Baths ⋅ 4368384 MLS
Accepting back-up offers. STOP scrolling—Birdsong Bungalow just hit the market! This Super host, income-producing Airbnb in the heart of Weaverville is the one that everyone wishes they found first. A guest-loved favorite, it's a turn-key, fully furnished, high-performing short-term rental just outside of Asheville, with a built-in book of business, and immediate cash flow from day one. Walk to downtown, minutes to Lake Louise, and perfectly positioned just 10 minutes from Asheville—this is location, lifestyle, and leverage all in one asset. 5 Lillie Farm Lane is a high-performing STR positioned on the best lot in the neighborhood, this 3-bedroom, 2-bathroom home backs to protected green space creating a private, peaceful setting that guests consistently seek out when searching for mountain getaway rentals near Asheville. Inside, the home unfolds with intention. A generous chef’s kitchen and expansive dining area invite slow mornings, shared meals, and evenings filled with conversation. Two separate living spaces—on both the main and lower levels—offer flexibility and refinement, allowing guests to gather or retreat in comfort. This thoughtful design enhances both guest experience and rental performance, making it ideal for Airbnb and VRBO clientele. Open the glass doors and listen to the birds singing as laughter fills the home and plans for the next day's adventure are brewing. Designed for both relaxation and revenue, the home features a rocking chair covered front porch, expansive open air and covered decks off of the main level living room, a covered porch off the lower-level living room creating multiple outdoor living spaces, perfect for entertaining, hosting, or enjoying the natural beauty of Western North Carolina. The seamless indoor-outdoor flow enhances guest experience and drives repeat bookings—key for maximizing Airbnb/VRBO performance. Located in an extremely walkable community, guests can stroll to charming downtown Weaverville with its local restaurants, breweries, boutiques, and year-round events. Just minutes away, Lake Louise offers a beloved lifestyle amenity with a farmer's market, scenic walking trails, pickleball courts, playground, and waterfront views—a major draw for both guests and homeowners alike. A short drive away lies something even more rare—the opportunity to unwind in the natural, mineral-rich soaking waters of Hot Springs, where thermal springs have drawn visitors for generations seeking restoration, relaxation, and a deeper connection to the land. Combined with proximity to the Blue Ridge Parkway, hiking, rafting, and outdoor adventure, this location captures the full essence of a luxury mountain destination near Asheville. Just 10 minutes to Asheville, with access to the renowned Biltmore Estate and Biltmore Winery, this property is positioned within one of the Southeast’s most sought-after tourism corridors—ensuring strong, year-round demand and long-term appreciation potential. Adding long-term value, the property is approximately half a mile from a brand-new hospital currently under construction, strengthening both future appreciation potential and rental demand. Whether you're expanding your portfolio or searching for a mountain investment property near Asheville, this home checks every box: fully furnished, turnkey STR, proven rental history, future bookings, walkability, mountain views, and prime location. This is more than a home—it’s a high-performing asset with lifestyle appeal and immediate income potential. Location here is not just convenient—it’s coveted.

5 Lillie Farm Lane, Weaverville

10 Sixth  Street, Asheville
$275,000
2 Beds ⋅ 1 Baths ⋅ 4331173 MLS
Attention Builders/Investors! Unlock significant ROI with this high potential development opportunity in the rapidly growing corridor of Woodfin, located just 10 mins north of downtown Asheville! Pre-inspected classic 1930's 2 bedroom/1 bath bungalow (may be possible to convert additional bedroom/bath) that creates immediate value as a renovation flip or rental hold. Charming wood floors, woodburning fireplace with insert, good sized rooms and loads of potential! Large .965 acre +/- lot unlocks potential multiple lots as use-by right for residential or multi-family uses. Property is outside steep slope ordinance and any flood zones! Water and sewer allocation approvals on file and recent boundary survey completed. See conceptual images for possible 3 or 4 lot configurations as minor lot subdivision but buyer/agent to confirm, subject to Woodfin Planning Department on final approvals. Lots should offer long range year round views of mountains and French Broad River depending on layout and height of future buildings. Less then 1 mile from historic Asheville Cotton Mill Studios, Woodfin Riverside Park and Taylor's Wave - a worldclass whitewater wave under construction for kayakers and surfers with an estimated $4.8 million price tag! Oil tank needed for oil furnace. Sold As-IS, seeking cash buyers ONLY. Don't delay as opportunities like this don't come around often and price is aggressive! Owners/list agents.

10 Sixth Street, Asheville

17 Hat Creek  Drive, Asheville
$1,050,000
4317652 MLS
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.

17 Hat Creek Drive, Asheville

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Cash Only Homes in Buncombe County, NC

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