Nestled on 0.62 acres of flat, usable land with mountain views, this property offers a fantastic investment opportunity with 4 units and 2 RV spots.Once a charming 2-story Craftsman farmhouse, it has been expertly converted into 4 apartments, all currently occupied by long-term residents who enjoy privacy and a strong sense of community. A proven income generator, the property brings in about $9000/month. Residents enjoy affordable housing as well as shared amenities including 2 washers, a dryer, clotheslines, organic gardens, compost bins, a fire pit, and a front porch and back patio for socializing. Conveniently located, it is just 15mins from downtown Asheville and has easy access to nearby hiking trails, parks, shops, restaurants, gyms, etc. Whether you're expanding your portfolio or seeking a piece of Asheville's charm, this property offers a proven 3-way model: It is a successful business, good investment, and you can make a contribution of offering affordable living.
Property Type: | Residential Income | Property Subtype : | Fourplex |
Year Built : | 1915 | Construction Type : | Site Built |
Lot Size : | 0.62 Acres | Living Area : | 4,504 sqft |
Based on information submitted to the MLS GRID as of 05-31-2025 02:05:04 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.