Description
Located in Buncombe County but minutes to West AVL, this multi-family property situated on 1.5 acres offers promising investment potential in the affordable rental market. The property consists of two parcels with a brick home, two multi-unit buildings, duplex cottage and a manufactured home. Nine current units have a historically strong occupancy rate. Unrenovated 2,500 SF, two-level brick home has many possibilities. Several partially renovated apartments in other buildings have potential to generate more income. Private road (Swager Drive) off Cedar Hill Road affords easy access to units within the complex. Convenient location only 15 minutes to downtown AVL and ten minutes to the heart of WAVL. Several units offer mountain as well as downtown views. We welcome buyers to review detailed listing materials outlining property specifications. Drone video available at the following link: https://youtu.be/L6KvlS8nOb4. Also listed as MULTI-FAMILY under MLS 3692433.
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0BEDS
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1.5ACRES
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0BATHS
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01/2 BATHS
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10,415SQFT
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$72$/SQFT
School Ratings & Info
Offered by Asheville Realty Group. Copyright 2021 Canopy MLS. All rights reserved.Description
Located in Buncombe County but minutes to West AVL, this multi-family property situated on 1.5 acres offers promising investment potential in the affordable rental market. The property consists of two parcels with a brick home, two multi-unit buildings, duplex cottage and a manufactured home. Nine current units have a historically strong occupancy rate. Unrenovated 2,500 SF, two-level brick home has many possibilities. Several partially renovated apartments in other buildings have potential to generate more income. Private road (Swager Drive) off Cedar Hill Road affords easy access to units within the complex. Convenient location only 15 minutes to downtown AVL and ten minutes to the heart of WAVL. Several units offer mountain as well as downtown views. We welcome buyers to review detailed listing materials outlining property specifications. Drone video available at the following link: https://youtu.be/L6KvlS8nOb4. Also listed as MULTI-FAMILY under MLS 3692433.
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