Exceptional Investment Opportunity in the Heart of West Asheville
Welcome to this income-producing property offering incredible potential and charm in the heart of West Asheville. 76 Lanvale is a versatile property, perfect for investors seeking a reliable source of passive income or homeowners looking for a multi-generational living arrangement or space for extended family. This property has been a successful rental for its owners and tenants, with long-term renters in place and eager to renew leases in May 2025.
Main Home – Classic Asheville Bungalow
At the forefront of this exceptional property is a classic 2-bedroom, 1-bath bungalow, radiating with charm and character. This iconic Asheville home features original hardwood floors throughout, adding to its warm and inviting atmosphere. The spacious living room and dining area make it a comfortable space for both everyday living and entertaining. The kitchen is well-appointed, with modern appliances to suit your needs.
Step outside to the covered front porch, the perfect spot for sipping coffee or relaxing in the evenings. The bungalow also boasts a 2018 HVAC system, ensuring comfort year-round. The private washer/dryer ensures added convenience for the residents, making this unit ideal for long-term tenants or a cozy family home.
In-Law Suite – A Standalone Retreat
Attached to the main home is a separate entrance for the in-law suite, offering 1 bedroom and 1 bathroom of its own. This charming space is fully self-sufficient, with a fenced yard perfect for pets and little ones to roam freely. The in-law suite operates as a standalone income-generating unit, providing privacy and comfort for tenants or guests.
The Stone Cottage – Your Private Escape
Tucked away behind the main house is the Stone Cottage, a storybook 1-bedroom, 1-bath retreat that feels like your very own private oasis. Cozy, intimate, and full of character, the cottage is a perfect getaway for long-term tenants, a guest house, or a space to unwind. Additionally, attached to the cottage is a 220 square foot unfinished room, currently used for storage and a shared washer/dryer for tenants. This room presents an excellent opportunity for further expansion, whether as additional living space or an added storage area.
Ample Parking and Convenience
The property comes with off-street parking for 6+ cars, providing ease and convenience for tenants and guests. The private driveway wraps around the main house, offering additional parking space and leading to a carport on a cement foundation. With ample parking and the proximity to Haywood Street, which is known for its restaurants, shops, and vibrant atmosphere, this property is an ideal location for those who want the convenience of urban living with the peace and privacy of a residential neighborhood.
Endless Possibilities
This property offers an array of possibilities for its new owner. Whether you’re looking for a multi-unit rental property, a home with an in-law suite, or a place with potential for expansion, 76 Lanvale has the space and charm to suit your needs. With long-term tenants already in place and a steady stream of income, this is a great investment opportunity.
Prime Location
Located just steps away from Haywood Street, residents have easy access to the vibrant West Asheville neighborhood, known for its eclectic atmosphere, restaurants, breweries, shops, and entertainment. The property is conveniently situated for those who enjoy urban living while still being able to retreat to a quiet and private space at the end of the day.
Welcome home to 76 Lanvale, where opportunity, charm, and comfort come together. Don’t miss your chance to own a piece of West Asheville real estate with fantastic rental potential and the possibility for future growth. Schedule your tour today and explore the possibilities that await!
From Zillow