See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

290 Hookers Gap Rd, Candler, NC, 28715

--beds
1baths
2,124sqft
$1,375,000
$647price/sqft
$8,344/moest. monthly cost
$333,760/yrincome needed

About This Home

This is a turnkey rental portfolio, perfect for investors and landlords that desire a self contained property in the WNC mountains. Long term tenants in place in 7 of the 8 units. Two site built homes anchor the property. A 4 bedroom main home and a 2 bedroom cottage. This rental portfolio also features 6 separate manufactured homes of varying ages. The 4 bedroom main home is currently vacant and open for showings. The other units are occupied and will not be available for online showing requests, and arrangements must be made in advance. This property has a long operating history, complete with longstanding property management in place, with Rentahome Asheville. Buyers can expect cash flow on day one, continuing to generate over $100k yearly in rental income. Tenants are all on updated leases, some are month to month. All of these numbers and rental info is available upon request. The units have been maintained and updated over the years. An improvements list is available upon request. The property consists of 3 separate parcels, amounting to 4.5 acres. Utilities in place with 2 shared wells, 4 shared septics, and trash service in place for tenants. Quiet, private, gorgeous views, and the tenants all keep to themselves and share the space collectively. If you're seeking a well oiled machine, actively generating income, come take a look at this special property. Property was appraised within the last 60 days.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
Candler ElementaryGrades PK-43.2 mi
6/10
Enka MiddleGrades 7-83.3 mi
6/10
Enka HighGrades 9-124.5 mi

Construction

Condition

  • Year built: 1928

Materials

  • Foundation: Slab
  • Construction materials: Vinyl,Wood

Type & Style

  • Home type: MultiFamily
  • Architectural style: Arts and Crafts,Cottage
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Oven
  • Laundry features: Mud Room

Bedrooms & Bathrooms

  • Bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,124

Heating & Cooling

  • Heating features: Ductless
  • Cooling features: Ductless

Interior Area

  • Total structure area: 2,124
  • Total interior livable area: 2,124 sqft

Property

Details

  • Parcel number: 8698882464
  • Zoning: OU
  • Special condition: Standard

Features

  • Stories: 2

Lot

  • Lot size: 4.50 Acres

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Inland Flooding
Ice Storm
Landslide
Strong Wind
Winter Weather

FEMA Declared Disasters in Buncombe County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,952$83,424
Home Insurance *$412$4,944
Property Taxes $780$9,360
Electricity $200$2,405
Total$8,344$100,128
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$286,080/yr
40% on housing$250,320/yr
45% on housing$222,506/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$647This listing

vs Other Active Listings

Avg $/sqft

ZIP 28715$253
Buncombe County$291

vs Homes Sold Last Month

Median $/sqft

ZIP 28715$250
Buncombe County$278

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-23Listed for sale$1,375,000
2025-03-27Listing removed$1,895
2025-02-25Listed for rent$1,895
2023-06-28Listing removed--
2023-05-15Listed for rent$1,895

For Sale by Agent

AgentTyler Davis
BrokeragePatton Allen Real Estate LLC

Similar Homes