Exceptional 8-unit complex in the heart of the Village of Flat Rock, NC, offering investors a rare turnkey opportunity with over $200,000 in recent upgrades. The property includes 6 two-level townhome-style units and 2 one-level units, ideally located just minutes from Hendersonville’s shops, dining, and cultural attractions. Major updates include brand-new roofs on both buildings, fresh exterior paint, new sidewalks, encapsulated crawlspaces with dehumidifiers and the complete top-to-bottom remodel of one unit showcasing the potential for additional renovations. With current rents below market rates, a new owner has a clear opportunity to increase revenue while benefiting from the security of extensive capital improvements already completed. A detailed list of additional updates—including structural repairs, drainage work, and system replacements—is available for review. Zoned to allow condominium conversion into individual tax ID units or continued operation as a rental investment, this property offers multiple exit strategies, immediate income potential, and long-term growth in one of Western North Carolina’s most desirable and historic communities.
Property Type: | Residential Income | Property Subtype : | Apartment |
Year Built : | 1965 | Construction Type : | Site Built |
Lot Size : | 0.69 Acres | Living Area : | 8,148 sqft |
Based on information submitted to the MLS GRID as of 09-20-2025 00:25:04 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.