This is a money making duplex ! Located in a highly visible & convenient location on Fairview Rd, just a minute drive to I-240 & I-40. Close to shopping, Mall, Hospitals & Biltmore Village. Makes it easy to rent and always stays occupied, a no-brainer of an investment ! A well maintained building w/ ample parking & many major updates - new HVACs, plumbing, hot water tanks, metal roof, deck & two storage sheds, making this a turn-key investment ! You can rent out both units as rooms or each unit as a whole. Be creative with the larger lot at .24 acres. Zoned NB w/ a possibility of converting to commercial on main level & residential on top; or live in one side and rent out the other. The possibilities of making money are many ! W/ gross income of $56,040/yr & low carrying cost (taxes of $3234/y & insurance of $813/y) making this a great ROI over 10% ! Owner pays the lawn & water, tenants pay for other utilities. Purchase this cash cow and add this profitable asset to your portfolio
Property Type(s):
Multi Family
|
Year Built
|
1920
|
County
|
Buncombe
|
SCHOOLS
| Elementary School |
Oakley |
| Jr. High School |
Asheville |
| High School |
Asheville |
Additional Details
| AIR |
Heat Pump |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Refrigerator, Washer/Dryer |
| BASEMENT |
Crawl Space |
| HEAT |
Heat Pump |
| LOT |
10454 sq ft |
| LOT DESCRIPTION |
Sloped |
| MLS STATUS |
Active |
| PARKING |
Parking Lot |
| SEWER |
Public Sewer |
| STORIES |
2 |
Location
Listed with House In Order, LLC
Date last updated: 4/4/25 8:40 AM PDT
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