About The Property

Passive investment opportunity in downtown Asheville! This fully-leased condo portfolio is located in the heart of the thriving South Slope, and boasts abundant parking, secure and zero grade entry, and strong monument sign visibility on Asheland Avenue and Grove Street. Attractive long-term leases include the State of NC (Mountain Area Workforce Development Board), and the non-profit Buncombe County Partnership for Children. Condos 102A, 104, and 105 are offered together at a 7.78% capitalization rate on blended and stabilized net rent. Contact List Agents for additional information about this clean investment sale opportunity! Suites 104/105 Virtual Tour: https://youriguide.com/suite_105_53_asheland_ave_asheville_nc/ Suite 102A Virtual Tour: https://youriguide.com/suite_102a_53_asheland_ave_asheville_nc/ Associated PINs: 9648297342C002A, 9648297342C0104, 9648297342C0105
Courtesy of Keller Williams Professionals. Chris Gragtmans, [email protected]
Listing Snapshot
Days Online
313
Last Updated
Property Type
Office
Year Built
1970
MLS Number
4166329
Koren Bowman
REALTOR
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Additional Details

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Building
Construction Materials: "Hard Stucco", Year Built: 1970, Construction Type: Site Built
Cooling
Details: "Central Air"
Heating
Heating: "Electric", "Natural Gas"
Lot
Features: "Level", Size: 0, Size Units: Acres
Property
Zoning: CBD
Roof
Description: "Flat"
Utilities
Sewer: "Public Sewer", Water Source: "City", Utilities: "Other - See Remarks"
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30 Days Snapshot Of 28801
$659k
-6%
(avg) sold price
7
-12%
homes sold
52
+30%
(avg) days on market
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Monthly Payment
$0

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Courtesy of Keller Williams Professionals. Chris Gragtmans, [email protected]

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.