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Christel Novella

christelnovella@gmail.com +1(864) 979-7833

$ 2,650,000

Est. payment | -/mo

12,372 SqFt

Save

$ 2,650,000

Est. payment | -/mo

Save

12,372 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 12,372 sqft

Price per Sqft $214

MLS Listing ID 4345037

Abv Grd Liv Area 12,372

Year Built 1998

Lot Size 2.850 Acres

Acres 2.85

Property Sub-Type Duplex

Property Description

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.

Location

State NC

County Buncombe

Zoning R-1

Rooms

Basement Other

Interior

Heating Central, Forced Air, Heat Pump, Natural Gas

Cooling Central Air

Fireplaces Type Gas

Appliance Electric Oven, Electric Water Heater, Gas Range, Oven, Refrigerator

Laundry In Unit

Exterior

Waterfront Description None

Roof Type Composition

Street Surface Asphalt,Paved

Porch Deck

Garage false

Building

Dwelling Type Site Built

Foundation None

Sewer Septic Installed

Water Well

Structure Type Vinyl

New Construction false

Schools

Elementary Schools Avery'S Creek/Koontz

Middle Schools Valley Springs

High Schools T.C. Roberson

Others

Pets Allowed Yes

Senior Community false

Special Listing Condition None

Listed by John Menkes • G/M Property Group • jmenk@gmproperty.com

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(864) 979-7833

christelnovella@gmail.com

2147 Brevard RD Arden, NC 28704