37 Water Street
Property Description
Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history-not new construction-and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $540,000 |
| No. of Units: | 4 |
| Year Built: | 1925 |
| Opportunity Zone: | No |
| Price per unit: | $135,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 1 |
ID: 3yd-CMLSNC-4416437
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Brokers
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Rick Recckio
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Eamonn McConnell
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Lenders
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Essex Property Trust, Inc.
California
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Josh A
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Bob Tuteur
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Andrew Schildcrout