827 Forest Street
Property Description
This older duplex is situated on a large established neighborhood lot. Less than half mile from Ecusta Trail. Approx. a half mile from downtown Hendersonville, minutes from Asheville Highway or I-26. Property has had good rental history, boasting a CAP rate 8.5%. Solid downstairs apartment features concrete block exterior walls, slab foundation and ceramic tile throughout. Natural gas furnace, this unit has washer and dryer connections. Updated shower with glass surround and upgraded fixtures. Kitchen provides a butcher block wood countertop. Electric, glass top range. Refrigerator. Cooled with window unit ac. Much of the ceiling downstairs is just under 7ft ceiling height. Main room and first bedroom, which has separate exterior entrance, have higher ceilings. Upstairs unit A, has newer LVP flooring, tile throughout kitchen and bath. Shower upgraded with newer surround with glass side and door. Upstairs unit is smaller with one bedroom. Unit A has natural gas range and furnace. Relies on window unit ac for cooling. Insulated windows in both units. Exterior siding is vinyl front and sides, fiber cement siding on rear. Storage space on lower level side of building. Roof replaced in 2017, no issues reported. Two separate driveways, one for each unit. This in-town duplex provides establish neighborhood lot with ample yard space. Hendersonville has recently revised its density planning for city lots. May be opportunity for additional structures, would encourage interested parties to investigate possibilities. Schedule a showing today. Tenants responsible for electricity, gas and lawn care. Owner has retained responsibility for water, sewer and garbage collection. Water services with garbage and sewer average approximately $120/mo. Unit A last rented for $1344.00/mo, unit B rented for $1550.00/mo. Recently vacant(unit B vacated July 31, 2026) allowing owner to prepare for sale of property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $335,000 |
| No. of Units: | 2 |
| Year Built: | 1955 |
| Opportunity Zone: | No |
| Price per unit: | $167,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 2 |
ID: 3yd-CMLSNC-4416484
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