Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner.
The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities.
This is an older Asheville property with character and a proven rental history"”not new construction"”and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.
Property Type(s):
Commercial
|
Year Built
|
1925
|
County
|
Buncombe
|
Additional Details
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| BASEMENT |
Dirt Floor, Yes |
| HEAT |
Baseboard |
| LOT |
4487 sq ft |
| LOT DIMENSIONS |
45 × 100 feet |
| MLS STATUS |
Active |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Natural Gas Available, Cable Available |
| WATER |
Public |
Location
Listed with Keller Williams Professionals
Date last updated: 10/2/26 12:09 AM PDT
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