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      Investment Property

      The investment property market is alive and well here in the Asheville NC area. Asheville North Carolina continues to be a place that people come from all over to vacation, purchase homes, find land or to pick out that perfect piece of real estate. Contact Green Mountain Realty or call us at (828)-215-9064 for all of your rental homes or rental home real estate needs here in the Asheville area.Asheville Rental Homes

      8 Village Lane, Asheville, NC 28803

      Price$5,550,000The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3335396

      • MultiFamily Multi-Family
      • Year Built 1931
      • Square Feet 19364
      • Zoning Institutional

      Rare investment opportunity on 1.93 acres in the heart of Biltmore Village in Asheville! On the National Historic Register, this 11-unit luxury condo complex was converted from the historic Biltmore Hospital in 2005. Offered are the 8 remaining fully furnished 2 bedroom condo units zoned to allow short term vacation rental, a 30 space off-street parking lot, and a development pad where owner was permitted for an additional 15,448SF building (see PIN#9647-79-0174-R0001). Elevator.

      Listed by Janet Whitworth of Premier Sotheby's Int'l Realty

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      Price Down Payment Interest Rate Years
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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      8 Village Lane, Asheville, NC 28803

      Price$5,550,000The price has recently decreased

      MLS Number 3242509

      • Commercial
      • Year Built 1931
      • Units 1
      • Square Feet 19364
      • Bathroom 17.5

      Rare investment opportunity on 1.93 acres in the heart of Biltmore Village in Asheville! On the National Historic Register, this 11-unit luxury condo complex was converted from the historic Biltmore Hospital in 2005. Offered are the 8 remaining fully furnished 2 bedroom condo units zoned to allow short-term vacation rental, a 30 space off-street parking lot, and a development pad where owner was permitted for an additional 15,448SF building(see PIN#9647-79-0174-R0001). Elevator.

      Listed by Janet Whitworth of Premier Sotheby's Int'l Realty

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      Price Down Payment Interest Rate Years
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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      275 Smokey Park Highway, Asheville, NC 28806

      Price$5,000,000The price has recently decreased

      Pending

      MLS Number 3412079

      • Commercial
      • Year Built 1968
      • Acreage 4.77

      Purchase this Ramada Inn on Smokey Park Highway in Asheville NC. Great Location. Visible from I-40, which has a daily traffic count of 84,000 +/-. Includes interior IHOP Restaurant with current lease in place. Great Investment Opportunity or Redevelopment Site. Redevelopment plans can be made available. DO NOT CONTACT THE HOTEL OR ANY OF THE EMPLOYEES. You must contact the broker for any information regarding the sale.

      Listed by Paul Ellis of Pulliam Properties, Inc

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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      253 & 271 Tunnel Road, Asheville, NC 28805

      Price$3,870,000The price has recently decreased

      MLS Number 3394885

      • Commercial
      • Year Built 1961
      • Units 2
      • Square Feet 14964
      • Acreage 1.54

      Excellent investment with upside potential. Great location in regional shopping area with high traffic count. Shopping center with new roof and busy Chili's restaurant with no landlord responsibilities. Call listing agent for full rent roll. Additional PIN 9658-16-3317-00000.

      Listed by Debbie Lane of NAI Beverly-Hanks

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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      32 Old Brevard Road, Asheville, NC 28806

      Price$1,479,900The price has recently decreased

      MLS Number 3361131

      • Commercial
      • Year Built 1977
      • Units 1
      • Square Feet 24086
      • Acreage 3.48

      The property is a 24,086 SF office/warehouse facility on 3.48 acre site. Main floor comprises 21,969 SF, which includes office areas of 5,442 SF plus breakroom and restrooms (570 SF), and a warehouse area of 15,957 SF. Upstairs conference, office, loft and storage is 2,117 SF. Built in 1977 and modified in 2002. The entire building is centrally heated and air-conditioned. Of the 3.48 acre site, 0.58 acre is excess land. Anticipated development in the area and key location indicates strong upside potential as a long-term investment.

      Listed by Keith Frierson of Whitney Commercial Real Estate

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      474 Southcliff Parkway, Fairview, NC 28730

      Price$1,479,000The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3411817

      • Residential Single Family
      • Property Sub Type 1 Story Basement
      • Year Built 2019
      • Bathroom 4
      • Bedrooms 5

      The Valley View is a uniquely designed home that has all the amenities and features that are worthy of the Southcliff Community. Quality construction and energy efficiency are the key ingredients that will make this home an investment of a lifetime. This 5-bedroom, 3 1/2 bath home has 2507 SF of heated space on the main level and a finished space of 1106 SF on the lower level. A large outdoor deck and spacious covered porch will insure that nature's best is just a footstep away. City water not yet connected. Taxes to be determined.

      Listed by Jim Davis and Mike Romero of Beverly-Hanks, Southcliff

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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      950 Tunnel Road, Asheville, NC 28805

      Price$1,300,000The price has recently decreased

      MLS Number 3404154

      • Commercial
      • Year Built 1960
      • Units 1
      • Square Feet 8015
      • Acreage 0.62

      Multi tenant medical dental office building on busy Tunnel Rd. Property is comprised of .62 acres with an 8268 SF building with 4 distinct suites. Two standard medical office suites with waiting room, offices, exam rooms and lab spaces. One suite is built as a dental office and one is retail orientated. 33 parking spaces, large monument signage and hard corner traffic light on Tunnel Road make this property an excellent investment opportunity.

      Listed by Austin Walker of Whitney Commercial Real Estate

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      5 All Souls Crescent, Asheville, NC 28803

      Price$1,299,000The price has recently decreased

      MLS Number 3394219

      • Commercial
      • Year Built 1895
      • Units 1
      • Acreage 0.14

      BILTMORE VILLAGE Now Available for Sale Fully Leased - New 5-year Lease begins July 1, 2018 with one 5-year option. Unit is currently being renovated for new tenant. Upper Unit is a VRBO. Great Investment Property in Biltmore Village with a new 5-year retail lease and the top floor being leased through VRBO. Great Income, great location with street and private parking. VRBO has a private entrance and private parking.

      Listed by Paul Ellis of Pulliam Properties, Inc

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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      48 Hallett Court, Asheville, NC 28803

      Price$1,263,000The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3368991

      • Residential Single Family
      • Property Sub Type 1 Story Basement
      • Year Built 2018
      • Bathroom 4
      • Bedrooms 5

      The Trails End House is a uniquely designed residence that has all the amenities and features worthy of the Ramble community. Ample square footage and an open floor plan will fit everyone's needs. Whether retiring or raising a family, this home suits every chapter of life! Quality construction and energy efficiency are the key ingredients that will make this home the investment of a lifetime. This 5-bedroom, 3.5 bath residence has 2274 SF of heated space on the main level, 1647 SF of finished space on the lower level with additional areas for dry storage and 432 SF on the upper level. Particular attention was considered when designing the outdoor areas of the home. A large outdoor deck and spacious covered porch will insure that nature's best is just a footstep away. Matthews Custom Built Homes is an established builder of fine custom homes in Western NC. Their commitment is to building the highest-quality homes, while providing excellent customer service and satisfaction.

      Listed by Mark Taylor of Beverly-Hanks, Ramble

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      155 Bradley Branch Road, Arden, NC 28704

      Price$1,250,000The price has recently decreased

      MLS Number 3425684

      • Commercial
      • Year Built 1973
      • Acreage 4.29

      INVESTMENT OPPORTUNITY Lease in place for 155 Bradley Branch Rd site. Lease ends 9/30/2019 (with options), paying $7,100/mo NNN with 3% annual escalations. Fenced in parking and storage area with interior Warehouse plus 2,000/sf +/- of Office space. Location is easy to find. Close to Airport Rd and easy access to I-26. Property includes 4.28/ac to grow your business.

      Listed by Paul Ellis of Pulliam Properties, Inc

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      12 & 39 Davida Drive, Asheville, NC 28806

      Price$1,100,000The price has recently decreased

      Est. Mortgage: $/month

      Pending

      MLS Number 3306251

      • MultiFamily Multi-Family
      • Zoning Residential

      Great 31 unit mobile home park in Asheville. Green and beautiful environment. Excellent paved roads throughout the park. Mix of park owned and tenant owned units. Sale includes 3 parcels-13 acres. 2 parcels accessed by Davida Drive and one off of Dix Creek Chapel(Lillian Lane). Good investment now - huge future potential.

      Listed by George Lycan of Keller Williams Professionals

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      12 & 39 Davida Drive, Asheville, NC 28806

      Price$1,100,000The price has recently decreased

      Pending

      MLS Number 3306244

      • Commercial
      • Acreage 13.43
      • Zoning Residential

      Great 31 unit mobile home park in Asheville. Green and beautiful environment. Excellent paved roads throughout the park. Mix of park owned and tenant owned units. Sale includes 3 parcels-13 acres. 2 parcels accessed by Davida Drive and one off of Dix Creek Chapel(Lillian Lane). Good investment now - huge future potential.

      Listed by George Lycan of Keller Williams Professionals

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      82 Old Mars Hill Highway, Weaverville, NC 28787

      Price$979,227The price has recently decreased

      MLS Number 3203977

      • Commercial
      • Year Built 1997
      • Units 8
      • Acreage 3.16

      Great investment in storage units in the Weaverville area. This includes 100 storage units with room for more on this 3.16 acres of land. 1 acres is cleared and ready for more storage units. Visible from I-26 and just off of exit 17. 8 buildings consisting of 14-5x10 units, 61-10x10 units, 22-10x20 units, 3-20x24 units and space for RV/Camper storage sites.

      Listed by Debra Marshall of Century 21 Mountain Lifestyles

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      Price Down Payment Interest Rate Years
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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      6 Deerborne Lane, Weaverville, NC 28787

      Price$925,000The price has recently decreased

      MLS Number 3298049

      • Commercial
      • Year Built 2009
      • Units 6
      • Acreage 15.9

      Development opportunity! Laurel Mountain Retreat has 5 cabins on 15+ acres in Weaverville and only 12 minutes to Asheville. Cabins are fully furnished with hot tubs, HVAC, washer/dryer and porches. 2+years vacation rental history; managed by Carolina Mornings. Easy to access and close to outdoor recreation makes them desirable for vacation rental and investment opportunity. Development plan for 15+ add'l cabins is available. Waste treatment system to serve 20+ cabins is installed. Mobile home has safety issues and conveys as-is at no value.

      Listed by Janet Whitworth of Premier Sotheby's Int'l Realty

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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      6 Deerborne Lane, Weaverville, NC 28787

      Price$925,000The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3331180

      • MultiFamily Multi-Family
      • Subdivision None
      • Year Built 2009
      • Square Feet 4596

      Development opportunity! Laurel Mountain Retreat has 5 cabins on 15+ acres in Weaverville & only 12 minutes to Asheville.Cabins are fully furnished with hot tubs, HVAC, washer/dryer & porches. 3+years vacation rental history;managed by Carolina Mornings. Easy to access & close to outdoor recreation makes them desirable for vacation rental & investment opportunity. Development plan for 15+ add'l cabins is available. Waste treatment system to serve 20+ cabins is installed. Mobile home has safety issues and conveys as-is with no value. NOTE, this is a development opportunity.

      Listed by Janet Whitworth of Premier Sotheby's Int'l Realty

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      87 Monticello Road, Weaverville, NC 28787

      Price$899,000The price has recently decreased

      MLS Number 3405091

      • Commercial
      • Year Built 1982
      • Units 16
      • Square Feet 4788
      • Acreage 6.52

      PORTION OF PIN-Tract 3 on new survey - Ideal investment opportunity located on 6.52 acres in a convenient location of Weaverville, just 15 minutes north of Asheville! Profitable mobile home park offers a mixture of park-owned and leased home sites totaling 16 mobiles and so much potential for the savvy investor. Currently operating at an 8% cap rate, with minor improvements, gross income could increase significantly; with a county zoning variance, re-development is a real possibility (public water and sewer nearby); 30' Right of Way in place with potential to purchase in conjunction with adjacent property offering 161' road frontage, 0.89 level acres and 1 older bungalow for rehab or tear down (Tract 2-see listing agents for details). Perfectly situated on level acreage with no mountain roads & paved access. Minutes to local shopping, two miles to downtown Weaverville and less than ten miles to Asheville.

      Listed by Cain Cox of Carolina Mountain Sales

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      135 Cherry Street, Asheville, NC 28801

      Price$749,000The price has recently decreased

      Pending

      MLS Number 3430418

      • Commercial
      • Year Built 1920
      • Units 2
      • Square Feet 2347
      • Bathroom 2

      Diversified investment in Historic Montford with high exposure location adjacent to vibrant downtown Asheville. Artistic Craftsman Bungalow maintained with classic detail includes four offices with strong rental history. Professionally designed tiny house in back of property provides residential rental income.

      Listed by Toni Ewing of City Real Estate LLC

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      60 Lance Road, Candler, NC 28715

      Price$724,900The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3399293

      • Residential Single Family
      • Property Sub Type 2 Story
      • Year Built 2000
      • Bathroom 3
      • Bedrooms 2

      Over 60 acres with beautiful long range, layered, year round views. Many buildable spots. No restrictions, could subdivide. Great investment opportunity or buy for your own private retreat! Two homes on property and large barn. Rondette home built in 2000, older home built in 1950 needs renovation. Less than 10 minutes to Candler ammenities. Within 20 minutes of Asheville, within 30 minutes of downtown Asheville!

      Listed by Ro Patton of Allstar Powerhouse

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      1705 Brevard Road, Arden, NC 28704

      Price$699,300The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3413993

      • MultiFamily Multi-Family
      • Subdivision None
      • Year Built 1941
      • Square Feet 1133
      • Lot Description Sloping, Views

      Great investment property just down the road from the NC Arboretum and Blue Ridge Parkway, within 5 minutes to Biltmore Park, 12 minutes to downtown Asheville, 15 minutes to Hendersonville, and 20 minutes to Brevard where you can hike the trails in Dupont or to Looking Glass Falls, plus many other trails. Main home is a 3/2 and 2nd home is a very popular 1/1 loft...These homes are easy to access and close to outdoor recreation makes this desirable for vacation rental and investment opportunity.

      Listed by Sharon Lingelbach of Premier Sotheby's Int'l Realty

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      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      1705 Brevard Road, Arden, NC 28704

      Price$699,300The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3405684

      • Residential Single Family
      • Property Sub Type 1 Story Basement
      • Year Built 1941
      • Bathroom 3
      • Bedrooms 3

      Great investment property just down the road from the NC Arboretum and Blue Ridge Parkway, within 5 minutes to Biltmore Park, 12 minutes to downtown Asheville, 15 minutes to Hendersonville, and 20 minutes to Brevard where you can hike the trails in Dupont or to Looking Glass Falls, plus many other trails. These homes are easy to access and close to outdoor recreation makes this desirable for vacation rental and investment opportunity.

      Listed by Sharon Lingelbach of Premier Sotheby's Int'l Realty

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      103 Mills Gap Road, Asheville, NC 28803

      Price$689,000The price has recently decreased

      MLS Number 3336389

      • Commercial
      • Acreage 5.46
      • Zoning Residential Acreage

      Attention all Developers... Investment Opportunity approximately 5 acres on Mills Gap located just off of Sweeten Creek. High Density multifamily Zoning. This property is county zoned R2 which allows up to 12 units/acre. Price also includes PIN 9655-43-5928 located in the city and is zoned RM 16 which allows up to 16 units/acre. New city slope ordinance will limit this lot to approximately 11 units/acre. Mobile home and outbuildings of little value.

      Listed by Terry Carpenter of J D Jackson Associates, Inc.

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      1 & 15 Zillicoa Street, Asheville, NC 28801

      Price$634,000The price has recently decreased

      MLS Number NCM560683

      • Commercial
      • Year Built 1910
      • Units 2
      • Square Feet 3127
      • Acreage 0.55

      Two office buildings with multiple tenants in historic Montford/Highland Park. Excellent investment. 1 Zillicoa Street is 2,478 square feet. 15 Zillicoa Street is 649 square feet.

      Listed by Debbie Lane of NAI Beverly-Hanks

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      42 Church Street, Weaverville, NC 28787

      Price$599,500The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3403511

      • Residential Single Family
      • Property Sub Type 3 Story/Basement
      • Year Built 1900
      • Bathroom 2
      • Bedrooms 4

      Historic charm entwined with modern convenience. Great investment for short-term rentals. Sits on large, level, grassy, sub-dividable lot (see survey). Just blocks to downtown Weaverville. 1 mile from Lake Louise. Yard has raised beds, herb garden, pear, fig, quince, and apple trees. Custom chefs kitchen w/ stainless steel appliances, KraftsMade cabinets & paper stone counter tops. Original hickory wood floors, 10+ ft ceilings & 5 fireplaces, currently non-functioning. Main level bedroom possible. Repainted interior walls and outside decks, new AC compressor, mulched beds, reglazed claw foot tub, updated french drains, regularly maintained swimming pool with ornate tile detail, basement sealed, and foundation work done by licensed engineer. Great WiFi. Two outside sheds for extra storage or workshops.

      Listed by Maxine Mirkin and Jon Sarver of Sarver Realty Group, LLC

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      42 Church Street, Weaverville, NC 28787

      Price$524,500The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3404313

      • Residential Single Family
      • Property Sub Type 3 Story/Basement
      • Year Built 1900
      • Bathroom 2
      • Bedrooms 4

      Historic charm entwined with modern convenience. Great investment for short-term rentals. Sits on level lot (see survey with additional lot also for sale.)This listing is for only the lot with the house on 0.38 acres. Location is just blocks to downtown Weaverville, 1 mile from Lake Louise. Yard has raised beds, herb garden, pear, fig, quince, and apple trees. Custom chefs kitchen w/ stainless steel appliances, KraftMade cabinets, & paper stone counter tops. Original hickory wood floors, 10+ ft ceilings & 5 fireplaces, currently non-functioning. Main level bedroom possible. Repainted interior walls and outside decks, new AC compressor, mulched beds, reglazed clawfoot tub, updated french drains, regularly maintained swimming pool with ornate tile detail, basement sealed, and foundation work done by licensed engineer. Great WiFi. Two outside sheds for extra storage or workshops.

      Listed by and Jon Sarver of Sarver Realty Group, LLC

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

      1773 Old Haywood Road, Asheville, NC 28806

      Price$489,900The price has recently decreased

      Est. Mortgage: $/month

      MLS Number 3426858

      • Residential Single Family
      • Property Sub Type 2 Story/Basement
      • Year Built 1925
      • Bathroom 5
      • Bedrooms 4

      West Asheville's Newest Community Asheville West. This 1920's Arts & Crafts Style House with Newer Roof. New Exterior painted on 8/15/18 4 Beds 4 .5 Baths with Wood Floors throughout and Beautiful Wood work throughout Master on the Main with Parlor and 3 bedrooms and 3.5 baths on Upper level House will be part of the Asheville West HOA. Purchase is Subject to a New Survey Provided by the Seller/OWNER. House is currently Occupied with Renters on a Month to Month basis for $2500 per month. Tenants would Love to stay Broker is an Owner in Asheville West, LLC NOTE: House has great rental history. Make a great investment opportunity. Keep rented while Subdivision is being developed. Move in later or sale as community is being built out. Broker has ownership interest.

      Listed by John Hale of Keller Williams Professionals

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      Federal 30-year interest rate: 4.85% last updated on 2018-10-18

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

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