1 & 3 Freeport Lane
1 & 3 Freeport Lane
Asheville, NC 28806
$525,000
- Bedrooms: 4
- Bathrooms:
- Lot Size: 0.21 Acres
Description
Incredible Investment Property Opportunity in West Asheville. And you can be part of helping Asheville's Affordable Housing Crisis... A Pair of Two Brand New Single Family Residences on One Lot. Never Lived in. Each Home is a 2 BR/ 1.5BA and around 768sf. Great Opportunity which could rent as market rate houses or to Housing Choice Voucher Holders. According to HUD 2025 standards, a 2BR Home Rented to a family using a Housing Choice Voucher could rent for $1347 per month. That would mean annual rental income of $32,328. After factoring in Taxes/ Insurance, that's a cap rate of around 6%. Affordable West Asheville Brand New Construction Pair of Homes close to Carrier Park, Haywood Road, River Arts District and Downtown. Modern and Adorable 2BR / 1.5BA. Bamboo floors throughout main levels, Tall Ceilings in bedrooms, and Open Wood Beams in Living Room. Great blend of modern fixtures with warm feelings throughout- Wood floors, Luxury Vinyl Plank bathrooms, Tall ceilings in bedrooms. Come take a look! Part of a new pocket neighborhood built by Compact Cottages. One Year New Home Construction Warranty and Longer warranties on many home components.
Property Summary
| Property Type: | Residential Income | Property Subtype : | Duplex |
| Year Built : | 2025 | Construction Type : | Site Built |
| Lot Size : | 0.21 Acres | Living Area : | 1,572 sqft |
Property Features
- Paved
- Open Floorplan
- Pantry
- Engineered Wood Products
- No VOC Coatings
- Spray Foam Insulation
- Awning(s)
Appliances
- Dishwasher
- Disposal
- Electric Range
- Electric Water Heater
- Microwave
- Refrigerator
More Information
- Construction : Hardboard Siding, Wood
- Roof : Metal
- Parking : Driveway
- Heating : Ductless
- Cooling : Ceiling Fan(s), Ductless
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional, FHA
Based on information submitted to the MLS GRID as of 11-03-2025 06:31:04 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.