UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4361526
Style Bungalow,Cottage
Bedrooms 3
Full Baths 1
Year Built 1961
Lot Size 2.060 Acres
Acres 2.06
Property Sub-Type Single Family Residence
Property Description
Based on previous and current market rent projections, the property has the potential to generate approximately $85,200 annually in its current state, with estimated expenses of ~$11,470/year, resulting in a projected NOI of nearly $74,000.
Value-add opportunities include increasing below-market rents, filling two vacant mobile home pads, and leasing the garage/shop for additional income. Light improvements such as paint, flooring, and system updates could further enhance rental performance and overall value.
Conveniently located just 5 minutes to Brevard Road and Asheville Outlets, 10 minutes to North Carolina Arboretum and Blue Ridge Parkway access, and 15 minutes to Downtown Asheville, this property offers strong rental demand drivers and long-term growth potential.
Main home does not currently have a functioning heat source. A compelling opportunity for investors seeking to create value and build cash flow in one of Asheville's most accessible and desirable areas.
Location
State NC
County Buncombe
Zoning R-3
Rooms
Basement Basement Garage Door
Guest Accommodations Exterior Not Connected,Separate Living Quarters
Primary Bedroom Level Main
Main Level Bedrooms 3
Main Level Living Room
Main Level Primary Bedroom
Main Level Bedroom(s)
Main Level Kitchen
Main Level Bedroom(s)
Main Level Bathroom-Full
Interior
Heating None
Cooling Ceiling Fan(s)
Fireplace false
Appliance Other
Laundry In Basement
Exterior
Garage Spaces 1.0
Roof Type Architectural Shingle
Street Surface Gravel
Accessibility Two or More Access Exits
Garage true
Building
Lot Description Cleared, Level, Open Lot, Private, Wooded
Dwelling Type Site Built
Foundation Basement
Sewer Shared Septic
Water Shared Well
Architectural Style Bungalow, Cottage
Level or Stories One
Structure Type Vinyl
New Construction false
Schools
Elementary Schools Sand Hill-Venable/Enka
Middle Schools Enka
High Schools Enka
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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