Beds6
Baths4Full21/2
Sq.Ft.5,555
Year1968
Keller Williams Elite Realty
(828) 552-3776
Status:
Sold
Property Type:Multi-Family
MLS #:3888197
Sq. Feet:5,555 Total / 1,983 Finished
Date Sold:8/17/2023
Lot Size:79,279 Sq. Ft.
County:Transylvania
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.
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.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 10/26/2022 | $899,000 | $849,000 | -5.6% |
| 11/25/2022 | $849,000 | $767,000 | -9.7% |
| 1/6/2023 | $767,000 | $742,000 | -3.3% |
| 3/8/2023 | $742,000 | $650,000 | -12.4% |
| 8/20/2023 | $650,000 | $573,000 | -11.8% |
Community Information
Address:3112 Asheville Hwy, Pisgah Forest, NC 28768
County:Transylvania
City:Pisgah Forest
Zip Code:28768
School Information
School System:Brevard
High School:Brevard
Middle School:Brevard
Elementary School:Pisgah Forest
Architecture
Bedrooms:
6
Bathrooms:
4 Full / 2 Half
Year Built:1968
Style:Ranch
Construction Materials: Brick Partial, Fiber Cement, Hardboard Siding
Construction Type: Site Built
Unheated Basement Sq. Ft.: 734
Roof: Shingle
Basement: Finished
Features / Amenities
Interior Features: Cable Prewire, Storage
Equipment: Network Ready
Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Oven, Refrigerator, Washer
Flooring: Laminate, Tile, Wood
Laundry: Common Area, Electric Dryer Hookup, Lower Level
Exterior Features: Lawn Maintenance
Other Structures: Barn(s)
Window: Insulated Window(s), Storm Window(s)
Parking Features: Attached Garage, Parking Space(s)
Open Parking Spaces: 4
Heating: Heat Pump
Cooling: Ceiling Fan(s), Central Air
Square Footage
| Finished Sq. Ft. | |
| Above Grade | 0 |
| Below Grade | 1983 |
| Total | 1983 |
Property Features
Lot Size:
1.82 Acres / 79,279 Sq. Ft.
Lot Features: Cleared, Green Area, Hilly, Pasture, Paved, Creek/Stream
Utilities: Cable Available
Sewer: Septic Installed
Water: Well
Road Responsibility: Publicly Maintained Road
Road Surface: Asphalt, Concrete, Paved
Fencing: Fenced
Zoning:CMX
Directions:From Walmart Shopping Center, continue straight on Hwy 280 E towards Mills River/Asheville, listing will be on the right.
Tax and Financial Info
Deed Reference: 940/813
CCR Subject To: Undiscovered
Pets Allowed: Yes
Listing Office
Listing Office:
RE/MAX Land Of The Waterfalls
RE/MAX Land Of The WaterfallsSelling Office:Keller Williams Elite Realty
Keller Williams Elite RealtyBroker Email:[email protected]
Schools
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Based on information submitted to the MLS GRID as of December 1, 2023 5:15 AM EST. 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.
