Price Reduced ListingRare opportunity to acquire a fully occupied, extensively renovated 6-unit multifamily property in desirable North Asheville. Located on a quiet, tree-lined residential street, 295 E. Chestnut Street is approximately one mile from downtown Asheville and within easy walking distance of restaurants, retail and neighborhood amenities. Trader Joe's, Harris Teeter and Whole Foods are all within approximately ½ mile. The property features four 1-bedroom and two studio apartments, ample on-site parking, individual electric meters and substantial kitchen and bathroom updates. Convenient access to Charlotte Street and I-240 further enhances the location. A compelling opportunity for investors seeking an established, income-producing Asheville multifamily asset.
| MLS # | 4427544 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 46 |
| Listing Provided By | G/M Property Group | John Menkes |
| SQ Feet | 3,875 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | RM16 |
| Acreage | 0.21 |
| Water Front | Yes |
| Cooling | Window Unit(s) |
|---|---|
| Heating | Baseboard, Electric |
| Interior Features | Attic Finished |
| Appliances | Dishwasher, Electric Oven, Electric Range, Electric Water Heater |
| Construction Materials | Fiber Cement, Wood |
|---|---|
| Foundation Details | Basement |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 536000 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| School District | Asheville |
| Elementary School | Asheville City |
| High School | Asheville |
| Listing VS Median (in 28801) | |
Price: $995,000 low | high Med: $749,450 sqft: 3,875 low | high Med: 1,512 $ / sqft: $257 low | high Med: $515 On site: 46 low | high Med: 108.5 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| School District | Asheville |
| Elementary School | Asheville City |
| High School | Asheville |
| Listing VS Median (in 28801) | |
Price: $995,000 low | high Med: $749,450 sqft: 3,875 low | high Med: 1,512 $ / sqft: $257 low | high Med: $515 On site: 46 low | high Med: 108.5 | |