Investor Opportunity: Charming 3-Bed, 2-Bath Home with Additional Lot
This is a rare investment opportunity for savvy buyers looking to capitalize on a property outside the Asheville city limits, but still conveniently located near the bustling Patton Ave and Downtown Asheville. With New Belgium Brewing just around the corner and plenty of new construction in the surrounding area, this home is poised for future growth and potential value increase. Plus, the additional .14-acre lot at the rear of the property offers a great chance for expansion, development, or to simply enhance the property’s overall value.
Property Highlights:
- 3 bedrooms, 2 bathrooms with ample living space and room to make the property your own.
- Additional .14-acre lot to the rear, offering opportunities for expansion, construction, or adding value in a rapidly growing area.
- Improvements to the property include:
- A 50-year architectural shingle roof installed in 2008, ensuring long-term durability and peace of mind.
- A new water heater installed in 2023, providing efficient and reliable water heating.
- A 2017 natural gas furnace, offering cost-effective heating and modern energy efficiency.
Functional Layout and Potential:
The interior of the home features functional spaces that offer flexibility for various uses. The home does have a portion, approximately 312 sq ft, with 6’10” ceilings, which could be perfect for a small office, storage area, or additional living space depending on your vision for the property.
Prime Location:
Situated just outside the Asheville city limits, this property benefits from lower taxes while still being just a short distance from the city’s vibrant offerings, including restaurants, entertainment, parks, and cultural landmarks. The new construction in the area adds even more potential for long-term value and growth. Whether you’re looking for a rental property, a fix-and-flip project, or just a great opportunity for future development, this property is positioned to provide excellent returns.
Sold As-Is:
This property is being sold as-is, offering a great blank canvas for investors, flippers, or anyone interested in putting in some work to enhance the value. The tenant is currently residing in the home, so please do not disturb the tenant. Showings can be arranged with appropriate notice, and the current lease may offer income potential for the next owner.
Why Invest?
This home’s location, combined with the extra lot, makes it a rare find in a high-demand area. The combination of upgraded systems, including a modern furnace, roof, and water heater, ensures that major expenses have already been addressed, making it an even more attractive investment. With the growing area and nearby amenities, this property is a fantastic opportunity to invest in the future of Asheville without being directly in the city’s higher-cost areas.
Don’t miss out on this opportunity to add a promising property to your portfolio. With the right vision and updates, this home could be your next success story!
This is a rare investment opportunity for savvy buyers looking to capitalize on a property outside the Asheville city limits, but still conveniently located near the bustling Patton Ave and Downtown Asheville. With New Belgium Brewing just around the corner and plenty of new construction in the surrounding area, this home is poised for future growth and potential value increase. Plus, the additional .14-acre lot at the rear of the property offers a great chance for expansion, development, or to simply enhance the property’s overall value.
Property Highlights:
- 3 bedrooms, 2 bathrooms with ample living space and room to make the property your own.
- Additional .14-acre lot to the rear, offering opportunities for expansion, construction, or adding value in a rapidly growing area.
- Improvements to the property include:
- A 50-year architectural shingle roof installed in 2008, ensuring long-term durability and peace of mind.
- A new water heater installed in 2023, providing efficient and reliable water heating.
- A 2017 natural gas furnace, offering cost-effective heating and modern energy efficiency.
Functional Layout and Potential:
The interior of the home features functional spaces that offer flexibility for various uses. The home does have a portion, approximately 312 sq ft, with 6’10” ceilings, which could be perfect for a small office, storage area, or additional living space depending on your vision for the property.
Prime Location:
Situated just outside the Asheville city limits, this property benefits from lower taxes while still being just a short distance from the city’s vibrant offerings, including restaurants, entertainment, parks, and cultural landmarks. The new construction in the area adds even more potential for long-term value and growth. Whether you’re looking for a rental property, a fix-and-flip project, or just a great opportunity for future development, this property is positioned to provide excellent returns.
Sold As-Is:
This property is being sold as-is, offering a great blank canvas for investors, flippers, or anyone interested in putting in some work to enhance the value. The tenant is currently residing in the home, so please do not disturb the tenant. Showings can be arranged with appropriate notice, and the current lease may offer income potential for the next owner.
Why Invest?
This home’s location, combined with the extra lot, makes it a rare find in a high-demand area. The combination of upgraded systems, including a modern furnace, roof, and water heater, ensures that major expenses have already been addressed, making it an even more attractive investment. With the growing area and nearby amenities, this property is a fantastic opportunity to invest in the future of Asheville without being directly in the city’s higher-cost areas.
Don’t miss out on this opportunity to add a promising property to your portfolio. With the right vision and updates, this home could be your next success story!
From Zillow