Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1998
Sq.Footage
12,372
This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
12372.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central, Forced Air, Heat Pump, Natural Gas
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Parking
Parking Lot
-
Patio and Porch Features
Deck
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$2,800,000
-
Sq. Footage
12, 372
-
Price/SqFt
$226
HOA
-
Association
No
School District
-
Elementary School
Avery's Creek/Koontz
-
Middle School
Valley Springs
-
High School
T.C. Roberson
Property Features
-
Foundation Details
None
-
Senior Community YN
NO
-
Sewer
Septic Tank
-
Water Source
Well
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Location
County
Buncombe
Elementary School
Avery's Creek/Koontz
Middle School
Valley Springs
High School
T.C. Roberson
Listing Courtesy of John Menkes , G/M Property Group
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Agent
Mary Patrella
Call Mary today to schedule a private showing.
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