2147 Brevard Road, Arden, NC 28704
- $2,650,000
- 12,372
- SqFt
Listing courtesy of G/M Property Group. jmenk@gmproperty.com
- List Price
- $2,650,000
- MLS#
- 4345037
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 169
- Property Type
- Residential Income
- Year Built
- 1998
- Price Change
- ▼ $150,000 1777426837
- Lot Size
- 124,146
- Lot Size Area
- 2.85
- Living Area
- 12,372
- Sq Ft Total
- 12372
- County
- Buncombe
- Special Conditions
- None
- Waterfront Features
- None
Property Description
This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.
Additional Information
- Fireplace Features
- Gas
- Equipment
- Electric Oven, Electric Water Heater, Gas Range, Oven, Refrigerator
- Foundation
- None
- Laundry Location
- In Unit
- Heating
- Central, Forced Air, Heat Pump, Natural Gas
- Water
- Well
- Sewer
- Septic Installed
- Exterior Construction
- Vinyl
- Roof
- Composition
- Parking
- Parking Lot
- Driveway
- Asphalt, Paved
- Construction Type
- Site Built
- Elementary School
- Avery's Creek/Koontz
- Middle School
- Valley Springs
- High School
- T.C. Roberson
- Zoning
- R-1
- Total Property HLA
- 12372
Mortgage Calculator
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