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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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214 Short Michigan Ave , Asheville, NC 28806
$975,000
Est. Payment: $2,166.67/mo
8 Bed
5.5 Bath
3124 Sqft
Status: Active | Days on site: 5
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NCM33610 - 548509825
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House Description

Asheville Investment Portfolio Opportunity – Tenant-Occupied Rental Properties with Immediate Income! Rare opportunity to acquire income-producing investment properties in Asheville with established tenants and immediate rental potential. This portfolio is ideal for both first-time investors looking to purchase their first rental property and experienced investors seeking to expand their real estate portfolio with additional Asheville assets. Featuring tenant-occupied rental properties, including 214 Short Michigan Avenue and 40 Mulberry Street, this opportunity provides the advantage of existing rental income and a streamlined transition for the next owner. These properties are conveniently located near one another, offering an excellent opportunity for investors looking for easier property management and strategic portfolio growth. Located near downtown Asheville, restaurants, breweries, shopping, entertainment, and major amenities, these properties benefit from strong rental demand in one of Western North Carolina's most desirable real estate markets. Whether you're searching for an Asheville investment property, rental property, income-producing real estate, long-term rental opportunity, cash-flow investment, or portfolio acquisition, this opportunity offers flexibility and long-term potential. properties may be purchased individually or together, allowing buyers to customize their investment strategy. Please see individual MLS listings for additional details on each property. Opportunities to acquire tenant-occupied Asheville rental properties with portfolio flexibility are limited. Schedule your private showing today and explore this unique investment opportunity.

Highlights

Listed by Shane Surratt , 828-777-1977 Ivester Jackson Blackstream , 828-367-9001.

Property Type

Multi-Family

Lot/Acreage
0.42

Year Built

2003

County

Buncombe

Neighborhood

Sky Harbor

Listing ID

4405564

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:5.5
  • Full Bathrooms:5
  • 1/2 Bathrooms:1
Appliances:Dishwasher, Dryer, Electric Oven, Electric Range, Oven, Refrigerator, Washer, Washer/Dryer
Air Cond:Ceiling Fan(s),Central Air,Electric,Heat Pump
Fireplaces:
Above Ground Sq Ft:3124
Below Ground Sq Ft:0
Water:City

Exterior Features

Zoning:RM16
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$2,167
Taxes
$622

Home Price

$975,000

Loan Details

30 yrs
%

Down Payment

20%
$195,000
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:
$2,166.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,166.67 $621.56 $0.00 $2,788.23
Yearly $26,000.00 $7,458.75 $0.00 $33,458.75
Total $780,000.00 $223,762.50 $0.00 $1,003,762.50

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.