Listing IDCAR3782012
Price$574,900$50K
StatusActive Under Contract
Bedrooms4
Total Baths3
Full Baths3
SqFt 2,227
Acres 0.170
CountyBuncombe
SubdivisionWest Asheville
Year Built1968
Property TypeResidential
Property Sub TypeSingle Family Residence
Excellent investment opportunity that immediately cash flows with 20% down. Make it your primary residence and pay your mortgage with ADU and increased cash flow of a short-term rental of basement apartment (pending city permit approval). Main level boasts 2 bedroom, 1 bath unit with very nice full, eat-in kitchen, a large living room, big back deck, and covered front porch. Lower level unit is 1 bedroom, 1 bath with nice living room and full eat-in kitchen. These units share full laundry. Separate ADU/apartment boasts 1 bedroom, 1 bath and an open kitchen/dining/living room with a large covered porch. All utilities shared except the ADU has separate electric meter. Off street parking for all units. Driveway at front of main level. Driveway around back for lower level and ADU. Plenty of on street parking for guests. Perfectly located in West AVL. No vacancies. Current long term tenants with month to month leases and rent rates well below market value, yet still total over $3,000/month.
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Jason Martini

86 Asheland Avenue
Asheville, NC 28801
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