Price Reduction
Address
42 Furman Avenue Asheville, NC
Price
$ 2,590,000
Property Attributes
- ML#3653125
- TypeMulti-Family
- CountyBUNCOMBE
- CityAsheville
- AreaBuncombe County
- Zip28801
- Style
- Price$ 2,590,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8395
- Lot Size0.31 Acres
Listing Provided Courtesy Of:
Keller Williams Professionals
Data Source:
Canopy MLS
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Asheville City Elementary School | Asheville Middle School | Asheville High School |
| Price History | |
|---|---|
| 8/18/2020 | Listed $2,600,000 |
| 3/18/2021 | 1% - $2,590,000 |
General Features
| Accessibility | 2 or More Access Exits |
|---|---|
| Appliances | Ceiling Fan(s), Dryer, Microwave, Refrigerator, Washer |
| Car Hoasubjectto | None |
| Community Features | Laundry Room, Picnic Area |
| Construction Materials | Brick |
| Construction Type | Site Built |
| Elementary School | Asheville City |
| Flooring | Carpet, Wood |
| Heating | Gas Hot Air Furnace, Window Unit(s) |
| High School | Asheville |
| Middle/Junior High School | Asheville |
| New Construction | No |
| Parking Features | Driveway, Parking Lot, Parking Space - 4+ |
| Pets Allowed | No |
| Property SubType | Multi-Family |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Standard Status | Active |
| Structure Type | Apartments |
| Total Units | 27 |
| Zoning Description | Office |
Interior Features
| Below Grade Finished Area | 2081 |
|---|---|
| Laundry Features | Lower Level |
Exterior Features
| Building Area Total | 8395 |
|---|---|
| Foundation Details | Basement |
| Lot Features | Cul-De-Sac, Level, Mountain View, Paved |
| Lot Size Area | 0.31 |
| Road Surface Type | Gravel |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 28801
Price
Visits
Year Built
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