Description
An exceptional investment opportunity in a convenient South Asheville location, just outside the Asheville city limits. This well-maintained triplex features three spacious townhomes, each offering three bedrooms, two-and-a-half baths, a gas fireplace, private patio and attached one-car garage. With an established rental history and all three units tenant-occupied, the property provides immediate rental income and an attractive opportunity for investors seeking an established, potential income-producing asset. Alternatively, an owner-occupant could enjoy the flexibility of living in one townhome while generating potential rental income from the other two units. Recent roof replacements, additional parking and consistent property maintenance further enhance its long-term investment appeal. An additional advantage is the property's Buncombe County NS (Neighborhood Service) zoning, which allows for a mix of residential, commercial, business and service uses. Permitted uses within this zoning district include multifamily residential, professional and business offices, retail establishments, restaurants and certain other neighborhood-oriented commercial services, offering flexibility for investors considering future uses or redevelopment opportunities, subject to applicable county requirements. The parcel provides the ability to add additional units. Conveniently just minutes from Biltmore Village, Asheville Regional Airport, shopping, dining and major transportation corridors, the property offers a desirable combination of location, functionality and rental potential. Whether expanding an investment portfolio, exploring the possibilities of mixed-use zoning or seeking a primary residence with potential supplemental rental income, this versatile property presents an excellent opportunity in the Asheville market.
Details
| MLS # | 4386730 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2005 |
| Days On Site | 9 |
| Listing Provided By | Premier Sotheby's International Realty | Leslie Young |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 4,036 |
| Garage | 3 |
| Story(s) | 2 |
| Units | 3 |
| Zoning | NS |
| Acreage | 0.35 |
| Water Front | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Heat Pump |
| Interior Features | Breakfast Bar, Open Floorplan, Storage |
| Window Features | Insulated Window(s), Window Treatments |
| Appliances | Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Vinyl |
| Foundation Details | Slab |
| Lot Features | Corner Lot, Infill Lot, Level |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached Garage, Garage Faces Front, Parking Lot, Parking Space(s) |
Utilities
| Utilities | Cable Available, Electricity Connected, Fiber Optics, Natural Gas, Underground Power Lines |
|---|
Location
| Community Features | None |
|---|
Other
| List Aor | Land of The Sky Association of Realtors |
|---|
Taxes
| Property | 558300 |
|---|
Area Information
| State | NC |
|---|---|
| County | Buncombe |
| City | Arden |
| Zip Code | 28704 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28704) | |
Price: $789,000 low | high Med: $649,500 sqft: 4,036 low | high Med: 3,829 $ / sqft: $195 low | high Med: $170 On site: 9 low | high Med: 249.5 | |
Market Activity 28704
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Learn More About This Property
| State | NC |
|---|---|
| County | Buncombe |
| City | Arden |
| Zip Code | 28704 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28704) | |
Price: $789,000 low | high Med: $649,500 sqft: 4,036 low | high Med: 3,829 $ / sqft: $195 low | high Med: $170 On site: 9 low | high Med: 249.5 | |
