Whether it's a duplex, triplex, or apartment building, income-producing properties in Asheville, NC can provide a steady source of monthly income for the owner while building equity. These types of properties are different from vacation rentals, as they usually involve a minimum of 6-month lease terms, and the tenants typically pay all utilities. For a good idea of rent rates in Asheville, browse through our managed long-term rentals. You might also be interested in Black Mountain commercial real estate or Swannanoa commercial properties.
Tour Multi-Family Homes for Sale
Please don't hesitate to call or email us for more information about the listings below.
Place your rockers on the spacious deck with long range views on private knoll while watching the holiday fireworks in Asheville. Spacious apartment for guest or family or additional income currently rents for $550 per month. Workshop for art, hobby or piddling.
-Multi-family home with four units. SFTG for 4 units: 550,700,815,1000. $2700 month income. Located on classic WAVL street, close to everything the corridor has to offer: coffee, pubs, restaurants, shopping and more! Huge level lot, new roof, many updates. Road dead ends into neighborhood park. A must see! *24 hr. notice to show for tenant notification*.
-What a value! 3 units in this condo conversion completely redone in 2007. Private patios overlooking a wooded back yard. HOA includes pool, fitness center, water, sewer, garbage and exterior & grounds maintenance. Can be sold as a package or individually at $66,500. 34 is currently vacant, 35 leased month to month for $650 and 36 leased until 6/19/12 for $650. The rents have ranged from $650 - 725.
Foreclosure-Duplex, 3/1 on main with 2/1 upstairs. BA to confirm with P&Z future use as duplex. Hardwood floors throughout, 1st floor oil heat, no AC. 2nd floor has wood stove and baseboard heat, no AC. All offers must include attached addenda, proof of funds or personal letter. May be eligible for HOW. Seller/LA make no representations, BA to confirm all info. FMFLI thru 4/13 (own/occ offers).
--Well-maintained, conveniently located duplex property with an excellent rental history. 100% occupancy and obviously, a very sound investment. A must-see home. Home Warranty provided by seller.
-2 Cape Cod style duplexes. All 4 units are 1 bedroom/1 bath. Currently 100% occupied; Rents are $695/month; Owner pays all utilities; Off Street Parking; 3 miles to downtown; Each unit has W/D. Priced for a quick sale. All offers subject to 3rd party approval.
Endless potential in this renovated, Victorian Home. History buffs, investors, commercial interests...take note! You will love this location with views of the Grove Park Inn and surrounding mountains. Within walking distance to Greenlife & downtown festivities! This original 1885 home, with separate apartment, has been completely renovated from studs to reveal modern updates tastefully intertwined with original charm and character.
--4 unit complex within walking distance to UNCA, trails and downtown Asheville. With a gross of over $33K a year,100% occupancy, cedar siding, plenty of parking and did I mention the area? Call L/A for details. Do not talk to tenants or get out of car if driving by.
--Very nice 13 unit MHP in a great location off of bus line. 5 seller owned mobiles and 8 lot rentals. This is a well spaced out park that sits on over 5 acres. Each home has it's own septic and city water. The park is grossing $47,580 with 2 vacant pads and is netting around $40K a year. Owner financing a possibility. Call L/A for more details. Call L/A before showing!
-Two wonderful small homes on .31 acre lot. Great Rental history. #86 has been used for seasonal Rental, but has 6 month lease presently.88 is 1 bedroom 1 bath garage apartment with large rear deck and front porch. Both homes have been periodically upgraded.
Immaculate 6 unit apartment complex in prime Kenilworth location, all units 3 bedroom, 2 bath, garages with 2 units, includes 3 buildings - 1 built in 1994, 2 built in 2006. Approx 1 acre, Portion of Deed Book 4626, Page 197, Pin#9658-07 (seller to survey off small lot)Strictly Appt Only. Not allowed to measure because of tenants but measurements believed to be over 8000. Gross rents based on rents at this time.
Montford Investors Take Note! Multifamily four-plex with fantastic rental history now for sale! Historic Montford neighborhood boasts new shops and restaurants along with close proximity to the Asheville bus line, UNCA, the Asheville Greenway, and downtown festivities! Location and value abound with full Certificate of Occupancy. Ample off-street parking, coin operated laundry, garden space and large front porch keep these apartments in demand!
--The upstairs unit has 3 bedrooms, 2 & 1/2 baths, plus separate living room and family room. It sits back from the road on a rise so that the basement apartment of 1bedroom/1 bath is a walk-out on the side of the large double garage. These two units are a find for the right landlord or owner. Lots of room, located in the county just outside the city limits. See also MLS:508588.
-Great investment! 13 recently built townhomes finished to roughed in stage. Available as individual or multiple units at a reduced rate. See pricing attached. Long range mtn views, peaceful setting, and close proximity to shopping, dining, and entertainment with pool and clubhouse amenities. 10 min drive to downtown Asheville and county taxes. Includes units 21, 25, 23, 27, 29, 31, 33, 35, 37, 41, 43, 45, 47 and has 13 pin #s.
-Great Investment Property. 2 duplexes located in Haw Creek. Close to town, schools, shopping and I-240. Rent is 650 per month per unit which includes water.
See attached layout of property and park. Two mobiles need extensive work ($1,500 to $2,500 worth of work each, one mobile about $800 to $1,000). Total fix up for mobiles to get rentable should be approx. $6,000. One mobile is owned by the tenant. Two additional pad rental spaces could be filled. Current management fee for park is $750 per month, which is high. Call for expenses. Buyer to confirm septic.
-Million dollar city, western, AND eastern mountain views surround both units of this extraordinary, unique Beaucatcher Mtn. ridgeline retreat. There is no other view like this in all of Asheville! Updated mid-century ranch, currently divided into legal duplex. Gorgeous landscaped grounds w/koi pond, two 2-car garages and did we mention the VIEWS? Click on Virtual Tour to preview.
Major Price reduction, with a projected annual profit of $51,519. This is a once in a lifetime opportunity to own a classic 1924 remodelled apartment building next to famed Grove Park Inn, only 1.2 miles from downtown Asheville. 5 beautiful 1-bedroom apts that can be rented monthly or annually. 4 are exquisitely furnished. YTD P&L copies of leases available upon request. Potential Conversion to Assisted Living Facility w room for staff on site
MULTI-FAMILY PROPERTY REDUCED $$28,300, $15,000+ BELOW APPRAISED VALUE! includes Home and Rental.Rental sf 1344 with 2 br/2ba walk in closet in MB. Live in one, rent the other! Rent both for EXTRA INCOME! Over sized garage with workshop, plus 2 more workshops. Main house totally renovated. Apartment totally updated. New roofs on both. All new kitchen, baths in main home, new appliances. New HW, tile and carpet flooring. A MUST SEE! GREAT INVESTMENT
-Two Story brick town home only 2 blocks from downtown Asheville. Live in one side and rent the other. Left side unit is just over 2000sf, offers 3 bedrooms, 1 bathroom, tall ceilings and hardwood floors. Right side is just under 1600sf, offers 2 bedrooms 1 bathroom, covered porch and back patio. This property can be subdivided in to 2 separate town homes and sold off separately. House does need some exterior TLC.
Community Shopping Zoning on this property gives endless possibilities with Town of Woodfin approval. Can finish basement for a second dwelling, office, or shop, can possibly build more dwellings for multi-family use. Currently used as residential--3 BR/1.5 bath; full basement is plumbed and has natural gas heat source.Due to no central cooling, with acceptable offer, seller offers $5,000 credit at closing for heat pump. PRICED BELOW APPRAISAL!
Listing Courtesy of Cornerstone Real Estate Consultants
-PRIME ESTATE PROPERTY AVAILABLE NOW for the first time in 2 centuries. Multiple unique dwellings on 160+/- acres only 15 min from DT Asheville. Bring your family, friends, or clients to relax and retreat on land with forests, creeks, and pastures. No other land tract of such character is available locally. Want income property? You will have no problem finding tenants for either short or long term. Take the virtual tour then walk the trail!
-Scenic View Terrace has 15 townhomes 2 have C.O.'s 13 need cabinet/counter, sheetrock, flooring, light/plumbing fixture. It also has 131+/- townhome lots w/street, curb/gutter, water/sewer in place. 47 lots or appx 4.5 acres can be used for other uses such as commercial or apartments. 84 lots are encumbered by restrictions and also a residntial zoning. the 84 lots could be used as single story patio homes w/ approval. Pool/clubhouse great rentals
Two houses, one lot includes 117 & 119 Spears Ave.(4 apts.)Outside entrances to each apt. Ready for occupancy or rentals. 1 block from Merrimon Ave. .8mi. to UNCA campus. Both houses must convey. No subdividing. Seller to provide C.O. Information subject to Buyer confirmation.See MLS473376. PRICE INCLUDES BOTH HOUSES.
Two houses, one lot 117 & 119 Spears Ave., with 4 apts. Outside entrances to each. 4 Power meters.117 has fresh paint inside and out. New carpet, vinyl. Move in condition. Ready for occupancy or rentals. No recent rental history. 1 block from Merrimon Ave., .8 mi. to UNCA campus. Both houses must convey, no subdividing. Seller to provide C.O. Information subject to Buyer confirmation. See MLS 474196.
Copyright 2012 WNC Regional MLS, LLC All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the WNC Regional MLS®. Real estate listings held by brokerage firms other than Greybeard Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing brokers.
