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      67 Oak Hill DriveAsheville, NC 28806MLS Number 3462106

      • Price: $185,000The price has recently decreased
      • Est. Mortgage of $/month
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      Price Down Payment Interest Rate Years
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      Est. Mortgage: $/month

      Federal 30-year interest rate: 3.84% last updated on 2019-06-20

      This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

      • 2.1Acreage

      This land is in an ideal location for any developer's needs in Asheville. Even though it is zoned RM-16 (32 units or more). The sewer lines require considerable upgrading along with an easement from the City. MSD estimates and a feasibility study are available. The combined costs of sewer and land still come to $12,000 per unit for multi family (with minimum approved 32 units). 6" water lines and underground utilities are available along the paved frontage. The City and MSD are very supportive of affordable housing projects-and this property meets all mandates. Another option for builders that just want to use septic: This could be a very profitable eco-village with room for 4-5 single family or multifamily town homes. The potential gross income could be based on 6 occupants per 3 bedroom multi-family town home.

      Listed by Cynthia Thornton of Keller Williams Elite Realty

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      Basic Information

      • StatusACT
      • Property TypeLots/Acres/Farms
      • Property Sub TypeAcreage
      • List Price$185,000
      • Broker NameKeller Williams Elite Realty
      • ListingBoardIDLand of The Sky Association of Realtors
      • MLS Number3462106

      Photos

      • Number of Photos8
      • DatePhoto2019-05-13T15:14:00

      Other

      • Modification Date05/13/2019
      • SyndicationRemarksThis land is in an ideal location for any developer's needs in Asheville. Even though it is zoned RM-16 (32 units or more). The sewer lines require considerable upgrading along with an easement from the City. MSD estimates and a feasibility study are available. The combined costs of sewer and land still come to $12,000 per unit for multi family (with minimum approved 32 units). 6" water lines and underground utilities are available along the paved frontage. The City and MSD are very supportive of affordable housing projects-and this property meets all mandates. Another option for builders that just want to use septic: This could be a very profitable eco-village with room for 4-5 single family or multifamily town homes. The potential gross income could be based on 6 occupants per 3 bedroom multi-family town home.
      • View Count21

      Location

      • Building Number67
      • StreetOak Hill
      • TownAsheville
      • StateNC
      • CountyBuncombe
      • Zip28806
      • SubdivisionGe Crouch
      • Community FeaturesNone
      • DirectionsMinutes to downtown Asheville. Take Patton Avenue West over the French Broad River (19/23 South). RIght on North Louisiana. Left at first light onto Hazel mill Road. First left onto Oak Hill Drive. Land on left (after 75 Oak Hill). See attached survey and
      • Elementary SchoolEmma/Eblen
      • Junior HighClyde A Erwin
      • High SchoolClyde A Erwin

      Property

      • Acreage2.1
      • Elevation2000-2500 ft. Elev.
      • Lot DescriptionLevel, Open/Cleared, Rolling, Sloping
      • Lot Number1

      Utilities

      • WaterCity Water
      • SewerSeptic Needed, Other-see Media/Remarks

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