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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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117 & 119 Spears Ave , Asheville, NC 28801
$850,000
Est. Payment: $1,888.89/mo
6 Bed
5 Bath
3307 Sqft
Status: Active | Days on site: 2
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NCM33310 - acullen
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House Description

Full of character and opportunity in the heart of Asheville, 117 Spears Avenue offers a unique chance to own a four unit property comprising two separate buildings, each featuring an upstairs and downstairs residence. With numerous recent updates throughout, the property is turnkey and ready for its next owners, creating an exciting opportunity for investors, multigenerational living, or an owner occupant looking to generate rental income. The first building offers a spacious 2 bedroom, 2 bath main-level unit (117-101) with an office, living room, dining room, kitchen, mudroom, front porch, and an ensuite bath. Upstairs, 117-201 is a 1 bedroom, 1 bath unit with its own kitchen and living room. The second building adds two more residences, with 119-101 offering 1 bedroom and 1 bath, along with additional storage, and 119-201 featuring 2 bedrooms and 1 bath. Set along an established residential street, the property combines a flexible four unit layout with a convenient in town Asheville location. Off street parking is available for residents of all four units, adding an especially valuable convenience to this centrally located property. Enjoy easy access to downtown Asheville, nearby restaurants, shopping, local businesses, and everyday amenities while maintaining the feel of a residential setting. With two buildings, four individual units, a total of 6 bedrooms and 5 baths, recent updates, and dedicated off street parking, 117 Spears Avenue presents a compelling opportunity for buyers looking to add a turnkey property to an investment portfolio, explore an owner occupied investment, or take advantage of the flexibility that multiple residences provide. A distinctive Asheville property offering versatility, location, and plenty of potential for its next chapter.

Highlights

Listed by Angie Cullen , 828-275-9757 Nest Realty Asheville , 828-318-8313.

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

1915

County

Buncombe

Neighborhood

None

Listing ID

4424401

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:Electric Oven, Electric Range, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Above Ground Sq Ft:3307
Below Ground Sq Ft:0
Water:City

Exterior Features

Lot:Level
Zoning:RM8
Sewer:Public Sewer
Parking Features:Driveway,On Street
Principal Interest
$1,889
Taxes
$542

Home Price

$850,000

Loan Details

30 yrs
%

Down Payment

20%
$170,000
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:
$1,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,888.89 $541.88 $0.00 $2,430.76
Yearly $22,666.67 $6,502.50 $0.00 $29,169.17
Total $680,000.00 $195,075.00 $0.00 $875,075.00

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.