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MOTIVATED SELLER! BRING AN OFFER! INVESTMENT opportunity in West Asheville! .65 acre parcel with at least 2 building lots. Possible to have up to 4 lots if approved by city. Zoned residential multi-family. Can build: townehome/duplex Potential to build up to up to 16-20 units. Multi-level dwellings would provide mountain views. Land is gently sloping and units could have lower levels or below level parking depending on type of build and city zoning. Home is in good condition with a 2019 roof, hardwood floors, replacement windows and deck overlooking large private fenced backyard. Rent existing home and have at least 2 additional building lots for new single family homes. Approximate lot size is 9000 SqFt. 16X28 storage shed is great for workshop or storage. City water, city sewer currently connected to home.Possible to connect for multi-family development. Buyer to verify utility connections & fees with the City. Natural gas connection is available.
Listed by Jana Osada of Keller Williams Elite Realty
Fabulous location just north of downtown. Income producing duplex just blocks from UNC Asheville, along the Weaver Greenway and minutes from downtown. Home has fantastic rental history. Current tenants of front duplex in place until end of May. Tenant in back in place until end of June. Lots of options with this property. Continue to use as a duplex or easy conversion to a single family home. This is a great investment property at a very low price for this area. House sold as-is!
Lockbox/Key, Showing Service. Showings may be limited due to tenant occupancy. Home is agent-owned.
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Located in Buncombe County but minutes to West Asheville (no city taxes), this multi-family property situated on 1.5 acres offers promising investment potential in the affordable rental market. The property consists of two parcels with a brick home, two multi-unit buildings, duplex cottage and a manufactured home. Nine current units have a historically strong occupancy rate. Unrenovated 2,500 SF, two-level brick home has many possibilities. Several partially renovated apartments in other buildings have potential to generate more income. Private road (Swager Drive) off Cedar Hill Road affords easy access to units within the complex. Convenient location 15 minutes to downtown AVL and 10 minutes to WAVL. Several units offer mountain as well as downtown views. Open-use zoning! We welcome buyers to review detailed listing materials outlining property specifications. Drone video available at the following link: https://youtu.be/L6KvlS8nOb4. Also listed as COMMERCIAL under MLS 3691578.
Listed by Christian Witt and Rob Montague of Asheville Realty Group
Farmhouse style duplex on a quiet street in West Asheville. Perfect for investors or easily converted to a single family by connecting the steps to the downstairs. Walk or a short drive to all the action on West Asheville. Five total bedrooms, three down and two up. Newly refinished hardwood floors throughout the house.
Upstairs features a unique layout with two lofts and tall vaulted ceiling and a great old wood stove. Newly remodeled bathroom with tile floors, clawfoot tub and glass shower
New Leicester Hwy acreage with 9-pads Mobile Home Park - 4 miles from Patton Avenue. High traffic corner level acreage with over 500' frontage on 5-lane New Leicester Hwy and also on O"Donald Road. Many potentials for Commercial Development, expanded MHP, Warehouse, Storage Buildings, Multi-family, or combination unrestricted usage. Outside city limits, Open Use zoning, little to no grading necessary. Three wells plus has municipal water along side property. Existing house is residence and could be residential rental or office. 4 mobiles convey. One of few larger tracts remaining for development along this rapidly growing corridor.
Listed by Micheal Farlow of Lantern Realty & Development LLC
Looking for unparalleled walkability and charm? This historic property is exactly what you're looking for. Walks to All Day Darling, Montford Roof Top Bar, The Grove Arcade, Chiesa, and Nine Mile are 4, 4, 6, 7 and 11 minutes respectively. Recently renovated kitchens and bathrooms while preserving the charm and quality materials from the beginning of the last century make this the one to see before it's gone. The private, fenced backyard make this the perfect urban oasis. Live in one unit and rent out the other. Easy conversion back to single family and/or a homestay/short-term rental situation.
Listed by Brad Puffer of Keller Williams Professionals
Supreme opportunity for an investor to snag a duplex in a renter's dream location; Located at the corner of Patton Ave & Haywood Rd, this is a HOT West Asheville spot. With a proven track record of occupancy, you will never have to worry about it ever being empty! Both units have recently been updated in the last few years & are an exact replica of each other w/open floor plans, spacious kitchens w/tiled floors, large bedrooms, six panel doors, washer/dryer hookups, large fenced back yard & an oversized parking area. Rent both or live in one & rent the other. Either way, It's a Win Win! Hurry, this will go fast!
Listed by Marie Reed of Keller Williams Professionals
Duplex in very convenient South Asheville. Main unit 1200sf. Open floor plan. 3 large brs, 1.5 baths. New heat pump. Extra attic insulation. Large unfinished basement. 2-car driveway. Original hardwood floors. Ceramic tile in bathrooms. Back unit 800sf. 2br/1ba. Laundry room. Walk in-closet. Large yard. New roof and water heater.
Extra attic insulation. Basement. Separate entrance with 2-car driveway. Original hardwood floors, tile in bathroom, kitchen and laundry area.
Great opportunity to own an income producing property walking distance to Downtown Asheville and River Arts! Good rental history. Live in the main house and lease out the back or lease them both. One PIN that includes two structures with separate gas, and electric, but shared city water/ sewer. The total HLA for the two dwellings is 1810sf (1221sf front house & 589sf back house). 114 Clingman rents for $1675 (ends 6/2/21) & 114.5 Clingman rents for $1200 (ends 7/31/21). Listing agent related to seller.
Five-Plex in Kenilworth located directly across from Mission Hospital and within walking distance to South Slope in vibrant downtown Asheville, historic Biltmore Village, and Kenilworth Park. Recent updates include a new roof on both the main building and carriage house/garage, three new HVAC units, crawlspace/basement encapsulation, refreshed landscaping, and some newer appliances. Each unit features a full kitchen and washer and dryer as well as on-site assigned parking spaces. On-street parking is also available and it's also located on the city bus line. Rental history and list of unit-specific updates available.
Listed by Brian Etheridge of Premier Sothebys International Realty
Investment opportunity with guaranteed rents for several months! Monthly rent total is $1,725. Possible owner financing with 30% down. Only 4 mins to Biltmore Village and 10 mins to downtown Asheville; convenient to I-40, everything south Avl and beyond. Guaranteed rents for Unit A until August 2022 and Unit B until September 2021. Separate electric meters, newer metal roof, efficient heat pumps. Washer and electric dryer closets in both units (w/d owned by tenants). Exterior has fresh new paint and Unit B was just renovated with brand new vinyl plank flooring and fresh new paint throughout. Spacious, level and sunny backyard ideal for vegetable garden, play area and barbeques! Neighborhood garden, baseball field, community center and playground just a few houses down the street. **Drive-by is encouraged before scheduling a showing; please don't disturb tenants. Listing Agent is owner.
Fantastic opportunity to own a very well maintained multiplex consisting of 2 homes (3 rental units) that is minutes to Sunny Point/West Asheville! The main house, 17 Hubbard, is a duplex that has a lot of “original charm”. The smaller second standalone cottage, 19 Hubbard, is a 412 sf one bedroom one bath with a cute covered front porch. All "systems" are 5 years old or less (gas furnace, mini-splits, gutters, roofs, sewer line and hot water heaters). It would be possible to expand one of the units and live in cool W. Avl while having great rental income from the others OR rent them all (owner has never had a gap in 25 years). Lots of off street parking. Huge back yard with lovely landscaping. Half of yard is fenced. Owner is selling property As-Is.
INVESTMENT OPPORTUNITY! This fully rented and well maintained West Asheville 4-plex would be a smart addition to your investment portfolio with room to increase rents and your return on investment. The property features two 2 bedroom/2 bath units both with stackable washer/dryer and two 1 bedroom/1 bath units. All the units are well maintained, have hardwood floors, ample sized rooms, and each unit has its own outdoor space. Additional opportunity to expand your investment by purchasing the vacant .38 acre RM8 lot next door.
Listed by Luiz Leonetti and Mike Miller of Town and Mountain Realty
Well maintained, vintage tri-plex between Merrimon and Kimberly Avenues, perfectly situated less than 3 miles from downtown with easy access to vibrant North AVL and historic Grove Park. Sweet private back yard for tenant enjoyment, common laundry on site, separate single garage for additional storage. 2019 roof, whole basement sealing system and updated units. Fully occupied, all leases terminate in August. This is a unique opportunity for the savvy investor!
Great location close to everything. An investor's dream in the heart of downtown Asheville. Existing home has 2 separate livable units as well as a basement with ample space to work with. The sound structure and character of this home allow the imagination to run wild. Offering the perfect opportunity for an experienced investor to renovate and resell, or hold as a rental. Being within walking distance to downtown, grocery stores, restaurants, and green ways this opportunity won't last long.
Listed by Staci Watkins and Rhionna Harris of Century 21 Mountain Lifestyles
Location! Minutes to the Blue Ridge Parkway and sits just outside the Asheville City limits. Conveniently located level 4.59 acres off HWY 70/Tunnel Rd with city water and sewer, this property is ideal for investors or builders who love renovation projects! Property includes 4 structures: 3 homes (1 is condemned) and 1 single wide that will likely need to be removed. R-2 zoning permits: Single Family, 2 Residential Units (attached or detached), Multifamily residential units (No more than 8 units in no more than 4 buildings), Subdivisions; property being sold "AS-IS" -- buyer to verify all zoning/property uses. Total of 4.59 acres- 1.79 acres PIN# 9678-48-0491 and .83 acres portion of PIN# 9678-48-1029 Deed Book 4617/262 and 1.97 acres of PIN#9678-38-9219 Deed Book 5949/666. Seller is keeping bottom portion of property: NOT for sale. Listing agent accompany. No drive-bys; do not enter homes for safety purposes. Take a look from bird's eye view: https://youtu.be/TWBlAJddM4c
One-of-a-kind 27-unit apartment building close to downtown and all north Asheville amenities. 96% leased with majority long-term tenants, property is currently managed as weekly rentals. This building has been very well-maintained and managed over period of ownership. A unit mix of 1 bedrooms, efficiency apartments, rooms with private baths and rooms with shared baths. Majority of units are fully furnished gross leases. Property features oak hardwood floors in many units, off-street parking, keyed entrance, laundry facility, and organic community garden/courtyard area. Property has many period features and a lot of personality. No pet or smoking apartment building. This is a strong value-add opportunity with proven rental increases on which to capitalize. Located off the Charlotte St. exit on I- 240, (exit 5B) and less than 1 mile to the Grove Park Inn. No drive-bys. Please do not disturb property manager or tenants. Contact listing agent for all showings and more information.
Listed by Carla Barnard of Keller Williams Professionals
INVESTORS - Don't miss this opportunity! County is stating the property is subdividable. 2 homes on .6 acres with proven rental history. 3 bed 1 bath w/ laundry hookup in main house, 2 bed 1 bath in guest house. Utilities are separate. Main house has been rewired with 200 amp electric recently and HVAC is 8 years old. Has been updated with some new windows and freshly painted inside and out. 3 mile drive to downtown Asheville & 2 mile drive to Beaver Lake.
Listed by Ashley Sandahl of RE/MAX Mountain Living
Investment opportunity in West Asheville. Two units on .48 acres with potential for $2,000/month gross income. All appliances included with both units, including washers and dryers. Three bedroom home roof is 2 years old and 2 bedroom home has 5 year old roof. Tenants in place with month to month lease. County taxes and just outside of the city for guaranteed rental occupancy. One of the few multi family income producing properties left so close to town.
Listed by Karen Svites of Keller Williams - Weaverville
Cover your mortgage and then some with this updated multi-family home in the heart of Asheville's historic Malvern Hills. Nestled in a peaceful neighborhood but just minutes walking distance from all of West Asheville's attractions, this historic home features significant improvements since previous purchase and now includes a furnished, attached apartment with separate entrance and updated home-stay permit for AirBnB and short term rentals. Rent out both sides of the home for dual income or live in one and rent out the other and still earn more than the mortgage cost.
Home features fenced in backyard, updated kitchen, new roof, new plumbing and sewer, new cement walkway for attached apartment, new water heater, and separate water heater for the apartment.
Investor special! 2 homes for an amazing price convenient to West Asheville.
These charming homes need some work, but have potential.
Sewer could not be confirmed and there is a leak at the pipe leading to the road.
Current heat source is a Kerosene heater supplied by outdoor tank.
Homes do not have central air.
Please do not disturb residents.
Being sold AS-IS with no representations. Cash only, limited showing times.
This sale will need court approval and has a 10 day upset period.
Listed by Matt Jones of Pinnacle Lifestyle Realty LLC
Remarkable opportunity in Montford. This 4-plex located on historic Bearden Avenue has a strong rental history and is located on one of the closest residential streets to Downtown Asheville. Features include a lovely covered front porch, large garden area, ample parking. Excellent for long term investment or single family conversion.
Listed by Monica Koerschner of Asheville Craft Realty LLC
Location, Location and Great location - Located in downtown Asheville. Nice Corner lot. S French Broad Ave and Phifer St. Home was remodeled in 2017. Upstairs Unit A has 3 bedrooms and 2 full bathroom. downstairs Unit B has 2 bedrooms, 1 full bathroom plus a bonus room.
Great Income property. Duplex Unit, both are currently rented. Rent income $2500 per month. Great Tenants and Great Rental history.
Listed by Ya Goodrum of Falcon Real Estate Corporation
Exciting Investment Opportunity in Walkable West Asheville! Profitable 6-plex to expand your portfolio. The 3 units in the main house, one unit per floor, feature newer windows, while the main & upper units have high ceilings, functioning gas fireplaces, and hardwood floors. The main level unit also has its own laundry and there is a community laundry area in the basement. The other three units are in the three story cottage in the back also have newer windows and are easily accessible from the parking area off Crestmont. The 6-plex is ideally located one block from Beachums Curve on Haywood Road and easily walkable to the River Arts District, greenway system, and New Belgium Brewery.
Listed by Luiz Leonetti and Jessi Leonetti of Town and Mountain Realty
4-plex opportunity in Grove Park with strong, long-term tenant history. Walking distance to the Grove Park Inn and shopping, restaurants, and bus line on Merrimon Ave. Come see this excellent opportunity! Square footage taken from tax records.
Listed by Monica Koerschner of Asheville Craft Realty LLC
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