NOT LISTED FOR SALE

500 W Allen St Hendersonville, NC 28739

24 Beds
25 Baths
11,915 Sq Ft
1.88 Acres

Last Sold April 30, 2021

Last sale price $1,150,000 $97 Per Sq Ft

3 Days on Market

Highlights

  • City View
  • Storage Room
  • Many Trees
  • Hendersonville High School Rated A-
  • Tile Flooring
  • 1-minute walk to Toms Park

About This Home

As of April 2021

Excellent investment opportunity in downtown Hendersonville with a 10% cap rate that could easily be increased with current market rent. This unique property comprises 5 buildings consisting of 22 apartments and a storage unit that could be converted into an additional rental. A total of 13 lots compose the 1.88 (+/-) acres with lot 50 & 60 vacant. CASH COW with 100% occupancy for 9+ years with majority long-term tenants. This property is located within a quarter mile from Main Street making it comfortably walkable to restaurants, shopping, breweries, bus stops and grocery stores. Ideal rental for those that don't have vehicles. Property features include ceramic tile floors throughout units for easy maintenance, wooden cabinetry, laminate countertops, exterior decking, newer refrigerators and ovens and off-street parking. Please refer to attached property overview for apartment unit details. Please do not disturb residents. Contact agent if buyer is interested in viewing interiors.

Last Agent to Sell the Property

Kristi Brannon

Two Trails LLC License #215530 Listed on: 02/20/2021

Last Buyer's Agent

Ryan Howell

Keller Williams Mtn Partners, LLC License #317060

Keller Williams Mtn Partners, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • Level Lot
  • Cleared Lot
  • Many Trees

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Storage Room
  • Tile Flooring
  • City Views
  • Crawl Space

Listing and Financial Details

  • Tenant pays for electricity
  • Rent includes exterior maintenance, garbage pick-up, outdoor lighting, sewer, snow removal, water
  • Assessor Parcel Number 9945058

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Ratio Close Price By List Price: 1.00437
  • Ratio Close Price By Original Li: 1.00437
  • Ratio Current Price By Acre: 611702.13
  • Ratio Current Price By Sq Ft: 96.52
  • Year Built: 1989
  • Property Features: Cable Available, Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, Slab
  • Full Bathrooms: 23
  • Half Bathrooms: 2
  • Total Bedrooms: 24
  • Equipment: Ceiling Fan(s), Electric Oven, Electric Range, Refrigerator
  • Fixture Exception Description: Window AC Units belong to Tenants
  • Fixture Exception Yn: Yes
  • Flooring: Tile
  • Total Sq Ft: 11915

Exterior Features

  • Construction: Vinyl, Wood
  • Construction Type: Site Built
  • Exterior Features: Storage Unit

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 4+

Utilities

  • Heating: No A/C, Wall Unit Heat, Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Features: City View, Cleared, Level, Sloping, Trees
  • Parcel Number: 9945058
  • Plat Book Slide: B 211A
  • Zoning Specification: R-6

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Outdoor Lighting, Sewer, Snow Removal, Water
  • Tenant Pays: Electricity

Tax Info

  • Tax Value: 727300.00
  • Tax Location: Henderson

Multi Family

  • Number Of Units Total: 22

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $1,150,000 +0.4% $97 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $1,145,000 -- $96 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3708725

Canopy MLS (Canopy Realtor® Association)

APN: 9568667580