Investment Property

MLS Number 3335396

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

Rare development & 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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MLS Number 3242509

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

Rare development and 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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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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MLS Number 3394885

• Commercial
• Units 2
• Year Built 1961
• 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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MLS Number 3337841

• Commercial
• Units 1
• Year Built 1988
• Bathroom 6
• Acreage 1.02

Unique & Attractive 8,183sf Medical Office Building on 1.02 Acres in the Heart of Asheville's Medical District. Now Available For Sale or For Lease! Ample Parking w/ Separate Lots for Staff and Patrons. 6 Restrooms (5 Lavatory & 1 Full w/ Shower). Excellent Access to site, w/ access from Choctaw Street, Biltmore Avenue, Doctor's Park and Hamilton Street. Attractive Atrium Lobby with Wood Ceilings & Fireplace, 2 Weather-Secure Entry/Exits and Balcony/Deck on 2nd Floor of Building. Excellent property for Owner/Operator or Investment!

Listed by James Diaz of Covestar Investment Realty

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MLS Number 3387407

• MultiFamily Multi-Family
• Subdivision Montford
• Square Feet 6351
• Year Built 1919
• Lot Description Level

Rare opportunity! 11 unit building in a sweet location of Montford, just 3 blocks to downtown and shopping. This building has stayed at 100% for more than 10 years, and has a great feel about it. Units are a mixture of studios, 1 & 2 bedrooms. HW floors, high ceilings, open porches, and great parking on and off Street. Gross income of over $120K a year and an NOI around $95K. New owner can instantly increase NOI, and there's potential to increase rents with little effort. This is an excellent investment, in an awesome location, with huge potential.

Listed by Brent Allen of Keller Williams Professionals

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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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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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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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MLS Number 3368991

• Residential Single Family
• Property Sub Type 1 Story Basement
• Bathroom 4
• Square Feet 4353
• Year Built 2018

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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MLS Number 3405070

• MultiFamily Multi-Family
• Year Built 1982
• Square Feet 9632

Ideal investment opportunity located on 8.5 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 homesites totaling 16 mobiles, one spacious doublewide, one updated brick rancher with full finished basement, and older bungalow that has been studded and ready for rehab! So much potential for the savvy investor. Currently at a 7+% cap rate & all tenants on a month to month lease, the opportunities are endless. With minor improvements, gross income could increase significantly; with a county zoning variance, re-development is a real possibility (public water and sewer nearby); Updated brick rancher is currently owners quarters, but could be easily converted to rent-able duplex; Charming older bungalow offers gracious mountain views and is ready for your spacious rehab! Minutes to local shopping and dining on level acreage with no mountain roads to deal with! Paved access. A must see!

Listed by Cain Cox of Carolina Mountain Sales

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MLS Number 3405091

• Commercial
• Year Built 1982
• Units 19
• Square Feet 9632
• Bathroom 23

Ideal investment opportunity located on 8.5 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 homesites totaling 16 mobiles, one spacious doublewide, one updated brick rancher with full finished basement, and older bungalow that has been studded and ready for rehab! So much potential for the savvy investor. Currently at a 7+% cap rate and all tenants on a month to month lease, the opportunities are endless. With minor improvements, gross income could increase significantly; with a county zoning variance, re-development is a real possibility (public water and sewer nearby); Updated brick rancher is currently owners quarters, but could be easily converted to rent-able duplex; Charming older bungalow offers gracious mountain views and is ready for your spacious rehab! Minutes to local shopping and dining on level acreage with no mountain roads to deal with! Paved access. A must see!

Listed by Cain Cox of Carolina Mountain Sales

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MLS Number 3203977

• Commercial
• Units 8
• Year Built 1997
• 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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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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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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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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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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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 Clarissa Marshall and Rowena Patton of EXP REALTY LLC

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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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MLS Number NCM560683

• Commercial
• Year Built 1910
• Units 3
• 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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MLS Number 3419200

• MultiFamily Multi-Family
• Subdivision None
• Year Built 2018
• Square Feet 2240

No Hassle living! Prime Location! West Asheville Multi Family Investment! Brand New construction with all the luxury upgrades packed into an affordable well built home. These two units have their own pin#'s as well as all utility lines, thus making for easy billing to your tenants or for resale at a later date. This property is in the middle of it all. Walk half mile to Haywood Rd and all that it has to offer. Take your dogs to Carrier Park with a short half mile walk the other direction. Also located just 5 minutes to the River Arts District and Downtown Asheville. Perfect for an owner looking for a minimally upkeep property. Just Lock and Leave. Great to live in one side and rent the other to a tenant. Can be a short term 30 day or longer rental. With Asheville booming, this is a solid investment. Comes on a .25 acre parcel. Possibility to build another unit in the front parking area with some creative planning for parking.

Listed by Aaron Palmer of Ivester Jackson Blackstream

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MLS Number 3419170

• Residential Single Family
• Property Sub Type 1 Story Basement
• Year Built 1955
• Bathroom 4
• Bedrooms 5

Conveniently located just next to UNCA and near downtown, 5 bedroom/3 bath home with in-law suite or apartment with separate entry, 2nd kitchen & living. Covered back deck and large .28 acre fenced lot. Excellent investment with 2 separate units - you could live in one and rent the other or rent both. Should be great for Airbnb also.

Listed by Kevin Wei of Buncombe Realty

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MLS Number 3406637

• Residential Single Family
• Property Sub Type 1 Story Basement
• Year Built 1970
• Bathroom 3
• Bedrooms 3

Peacefully situated on 2.3+- unrestricted acres w/ majestic hardwood trees, mountain views, & manicured landscaping, this move-in-ready home offers the perfect setting & investment for your family. The main level lives generously w/ flowing 3 br/3ba layout, formal dining, living, storage, laundry, flex spaces, 2 fireplaces, & abundant natural light. Prepare meals in your upscale cooks kitchen w/ quartz countertops, fine cabinetry w/ custom storage, breakfast bar, sleek tile flooring, stainless appliances, & built-ins. 1000 SF lower level features large media/play room, additional bedroom w/ fireplace, flex room, storage, & one car garage w/ enormous workshop space! 2 driveways & 2 garages. Private deck w/ hot tub. Very solid brick construction has beautifully stood the test of time. Located minutes from sought after Biltmore Lake, this home offers an incomparable value in Buncombe County for an updated move-in ready home w/ so many desirable features and an idyllic park-like setting.

Listed by Collin O'Berry of Keller Williams Professionals

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