$573,000
$650,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
5 Baths
5,555 SqFt
SOLD DATE : 08/17/2023
Key Details
Sold Price $573,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,555 sqft
Price per Sqft $103
MLS Listing ID 3888197
Style Ranch
Bedrooms 6
Full Baths 4
Half Baths 2
Year Built 1968
Lot Size 1.820 Acres
Property Sub-Type Fourplex
Property Description
Sellers are motivated, so bring your offers! Investors take note of this opportunity to own an income producing 4 unit multiplex just minutes from the entrance to the Pisgah Forest. All units are currently rented out on 6 month leases, then will be month to month at the end of July. Monthly revenue of $5,050. 7.7% CAP RATE - see attachments. Adjustment of price has been set in place to reflect the cap rate.
With over 5000 square-feet of heating living area, 3 garages, a storage unit, and plenty of yard space 3112 Asheville hwy has been a successful long-term rental for the past few years. With its amazing location it could also easily be converted into a vacation rental. Under a mile to entrance of the Pisgah Forest, and 4 miles to Downtown Brevard.
Location
State NC
County Transylvania
Zoning cmx
Interior
Heating Heat Pump
Cooling Ceiling Fan(s), Central Air
Flooring Laminate, Tile, Wood
Fireplaces Type Other - See Remarks
Laundry Common Area, Electric Dryer Hookup, Lower Level
Exterior
Exterior Feature Lawn Maintenance
Fence Fenced
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description Cleared, Green Area, Hilly, Pasture, Paved, Creek/Stream
Foundation Other - See Remarks
Sewer Septic Installed
Water Well
Structure Type Brick Partial,Fiber Cement,Hardboard Siding
New Construction false
Schools
Elementary Schools Pisgah Forest
Middle Schools Brevard
High Schools Brevard
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Subject to Lease
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Jana Osada • Keller Williams Elite Realty
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Kelly Myers - MrLakeNorman
Broker/Owner/Trainer/Coach | License ID: 300067
Broker/Owner/Trainer/Coach License ID: 300067
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