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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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65 King St , Asheville, NC 28804
$500,000
Est. Payment: $1,111.11/mo
3 Bed
2 Bath
1392 Sqft
Status: Active | Days on site: 3
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NCM33310 - 548509739
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House Description

Excellent investment opportunity in a prime Asheville location! 65 King Street offers two separate rental units within walking distance of UNCA, the Reed Creek Greenway, and Downtown Asheville. Both units are currently occupied by long-term tenants, providing an attractive opportunity for an investor seeking stable, established rental income. Unit A features 2 bedrooms and 1 bath and currently rents for $1,450/month. Unit B offers 1 bedroom and 1 bath and currently rents for $1,700/month. Both tenants are currently under lease through summer 2027 and have expressed interest in extending their leases, subject to the next owner's approval. The property has also benefited from significant recent improvements, including new decks, siding, windows, and HVAC systems in early 2025. Both units have upgraded electrical panels, and separate utility submeters and hot water heaters, allowing tenants to be billed directly for utilities. The metal roof was installed in 2017, and ongoing interior maintenance has included fresh paint, floor refinishing, and other routine updates. With two established rental units, reliable long-term tenants, recent improvements, and an unbeatable location close to UNCA, greenways, and Downtown Asheville, 65 King Street is an excellent opportunity to add a turnkey, income-producing property to your portfolio.

Highlights

Listed by Andrew Lanteri , 203-260-7848 Nest Realty Asheville , 828-318-8313.

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1937

County

Buncombe

Neighborhood

Jackson Park

Listing ID

4423788

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Electric Range, Refrigerator
Air Cond:Ductless
Fireplaces:
Above Ground Sq Ft:1392
Below Ground Sq Ft:0
Water:City

Exterior Features

Zoning:RS8
Roof:Composition
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$1,111
Taxes
$319

Home Price

$500,000

Loan Details

30 yrs
%

Down Payment

20%
$100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,111.11 $318.75 $0.00 $1,429.86
Yearly $13,333.33 $3,825.00 $0.00 $17,158.33
Total $400,000.00 $114,750.00 $0.00 $514,750.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Asheville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.