$1,050,000
SOLD SEP 29, 2022
-- Bed
-- Bath
9,842 Sq Ft
0.73 Acres

Recently Sold

$107 Per Sq Ft

22% Below List Price

8 Days on Market

Highlights

  • Wooded Lot
  • Laundry Room
  • Space Heater
  • Asheville High Rated A-

About This Home

As of March 2024

12-unit multifamily property with views minutes from downtown Asheville. Investment opportunity with below market rents (avg $833 per month). 10 1-bedroom & 2 studios. Avg tenancy over 4 years, with 75% mth-mth leases. Only $112K per unit with loads of upside. Gross areas are estimated. **SEE BROCHURE FOR MORE INFORMATION**

Last Agent to Sell the Property

Jeremy Goldstein

G/M Property Group License #175675 Listed on: 08/08/2022

Co-Listed By

John Menkes

G/M Property Group License #194446

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Steep Slope
  • Wooded Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 9,842 Sq Ft Home
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Gas Cooktop

Parking

  • 12 Parking Spaces
  • 1 to 5 Parking Spaces

Schools

  • Asheville City Elementary School
  • Asheville Middle School
  • Asheville High School

Utilities

  • Space Heater
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Rent includes exterior maintenance, garbage pick-up, interior common lights, management, outdoor lighting, sewer, water
  • Assessor Parcel Number 9649-73-5713-00000

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Other
  • Year Built: 1926
  • Ratio Current Price By Acre: 1438356.16
  • Structure Type: Apartments
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement Outside Entrance, Brick/Mortar, Crawl Space, Pier & Beam
  • Fixture Exception Yn: 0
  • Room Other: Laundry
  • Appliances: Gas Cooktop, Electric Oven, Refrigerator
  • Below Grade Sq Ft: 3420
  • Living Area: 9842

Exterior Features

  • New Construction: No
  • Tax Location: Asheville
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding, Other

Garage/Parking

  • Total Parking Spaces: 12
  • Main Level Garage YN: 0
  • Parking Features: Parking Space - 4+

Utilities

  • Heating: Space Heater, Natural Gas, None, Window Unit(s)
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Common Area
  • Water Source: Public

Schools

  • Middle Or Junior School: Asheville
  • HOA Subject To: None

Lot Info

  • Lot Features: Mountain View, Sloped, Steep Slope, Wooded
  • Lot Size Area: 0.73
  • Lot Size Units: Acres
  • Parcel Number: 9649-73-5713-00000
  • Zoning Description: RS2
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Interior Common Lights, Management, Outdoor Lighting, Sewer, Water
  • Tenant Pays: Electricity, Gas
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.41183

Multi Family

  • Number Of Units Total: 12
  • Unit Count: 0

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2024 03/19/24 Sold $1,800,000 -7.7% $184 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
01/11/2024 01/11/24 Price Changed $1,950,000 -7.1% $199 / Sq Ft
12/02/2023 12/02/23 For Sale $2,100,000 +100.0% $214 / Sq Ft
09/29/2022 09/29/22 Sold $1,050,000 -22.2% $107 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $1,349,000 -- $137 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3892584

Canopy MLS (Canopy Realtor® Association)