Asheville, NC 28801,42 Furman AVE
Asheville, NC 28801,42 Furman AVE
Asheville, NC 28801,42 Furman AVE
12
$2,390,000
$2,590,000
7.7%
Est.Price: ?

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8,395 SqFt

42 Furman AVE Asheville, NC 28801

Est. payment /mo
SOLD DATE : 07/15/2021

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Key Details

Sold Price $2,390,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,395 sqft

Price per Sqft $284

MLS Listing ID 3653125

Sold Date 07/15/21

Year Built 1928

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi-Family

Property Description

One-of-a-kind 27-unit apartment building close to downtown and all north Asheville amenities. 96% leased with majority long-term tenants, property is currently managed as weekly rentals. This building has been very well-maintained and managed over period of ownership. A unit mix of 1 bedrooms, efficiency apartments, rooms with private baths and rooms with shared baths. Majority of units are fully furnished gross leases. Property features oak hardwood floors in many units, off-street parking, keyed entrance, laundry facility, and organic community garden/courtyard area. Property has many period features and a lot of personality. No pet or smoking apartment building. This is a strong value-add opportunity with proven rental increases on which to capitalize. Located off the Charlotte St. exit on I- 240, (exit 5B) and less than 1 mile to the Grove Park Inn. No drive-bys. Please do not disturb property manager or tenants. Contact listing agent for all showings and more information.

Location

State NC

County Buncombe

Interior

Heating Gas Hot Air Furnace, Window Unit(s)

Flooring Carpet, Wood

Appliance Ceiling Fan(s), Dryer, Microwave, Refrigerator, Washer

Laundry Lower Level

Exterior

Community Features Laundry Room, Picnic Area

Street Surface Gravel

Accessibility 2 or More Access Exits

Building

Lot Description Cul-De-Sac, Level, Mountain View, Paved

Building Description Brick, Apartments

Foundation Basement

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Asheville City

Middle Schools Asheville

High Schools Asheville

Others

Pets Allowed No

Special Listing Condition Subject to Lease

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Listed by Carla Barnard • Keller Williams Professionals
Bought with Non Member • MLS Administration

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Thomas ONeil

Thomas ONeil

Broker | License ID: 294288

+1(404) 372-4018

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