Town & Mountain Realty

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42 Furman AvenueAsheville, NC 28801Price: $2,600,000

  • Price: $2,600,000
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Federal 30-year interest rate: 2.72% last updated on Nov 19, 2020
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  • $2,600,000List Price
  • 0.31Acreage
  • 8395Square Feet

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One-of-a-kind 27-unit apartment building close to downtown and all north Asheville amenities. 96% leased with majority long-term tenants, property is currently managed as weekly rentals. This building has been very well-maintained and managed over period of ownership. A unit mix of 1 bedrooms, efficiency apartments, rooms with private baths and rooms with shared baths. Majority of units are fully furnished gross leases. Property features oak hardwood floors in many units, off-street parking, keyed entrance, laundry facility, and organic community garden/courtyard area. Property has many period features and a lot of personality. No pet or smoking apartment building. This is a strong value-add opportunity with proven rental increases on which to capitalize. Located off the Charlotte St. exit on I- 240, (exit 5B) and less than 1 mile to the Grove Park Inn. No drive-bys. Please do not disturb property manager or tenants. Contact listing agent for all showings and more information.

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Listed by Carla Barnard of Keller Williams Professionals

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