33 Starnes AvenueAsheville, NC 28801MLS Number 3387407

  • Price: $1,495,000
  • Est. Mortgage of $/month
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Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1919Year Built
  • 6351Square Feet
  • MontfordSubdivision
  • 11NumberOfUnitsTotal

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Rare opportunity! 11 unit building in a sweet location of Montford, just 3 blocks to downtown and shopping. This building has stayed at 100% for more than 10 years, and has a great feel about it. Units are a mixture of studios, 1 & 2 bedrooms. HW floors, high ceilings, open porches, and great parking on and off Street. Gross income of over $120K a year and an NOI around $95K. New owner can instantly increase NOI, and there's potential to increase rents with little effort. This is an excellent investment, in an awesome location, with huge potential.

Listed by Brent Allen of Keller Williams Professionals

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More Info

Basic Information

  • StatusACT
  • ListingTypeExclusive Right
  • Property TypeMulti-Family
  • Property Sub TypeApartments
  • List Price$1,495,000
  • Broker NameKeller Williams Professionals
  • ListingBoardIDLand Of The Sky Association Of Realtors
  • MLS Number3387407

Photos

  • Number of Photos20
  • DatePhoto2018-05-03T16:35:43

Location

  • Building Number33
  • StreetStarnes
  • TownAsheville
  • StateNC
  • SubdivisionMontford
  • Zip28801
  • CountyBuncombe
  • CommunityFeaturesLaundry Room
  • DirectionsFrom Downtown Asheville, head East on Patton Ave. toward College St.; Turn left onto Haywood St.; Turn right onto Flint St.; Turn right onto Starnes Ave.; Property is on the left.
  • Elementary SchoolAsheville City
  • Junior HighAsheville
  • High SchoolAsheville

Building

  • Year Built1919
  • ConstructionTypeSite Built
  • NumberOfUnitsTotal11
  • Square Feet6351

Property

  • DriveGravel
  • Lot DescriptionLevel

Utilities

  • HeatingGas Hot Air, Gas Space Heater
  • WaterCity Water
  • SewerCity Sewer

Other

  • Modification Date05/03/2018
  • View Count6
Cottonwood Properties
Cottonwood Properties
100 W. State St.
Suite 1
Black Mountain, NC 28711
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