37 Water Street, Asheville, NC 28801
- $570,000
- List Price
- $570,000
- MLS#
- 4417990
- Status
- ACTIVE
- Property Type
- Commercial Sale
- Year Built
- 1925
- Days on Market
- 17
- Lot Size
- 4,486
- Lot Size Area
- 0.10300000000000001
- County
- Buncombe
Property Description
Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history—not new construction—and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.
Additional Information
- Floor Coverings
- Vinyl, Wood
- Equipment
- Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Foundation
- Basement
- Heating
- Baseboard
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Wood
- Parking
- Parking Space(s)
- Driveway
- Paved
- Zoning
- RS8
- Special Conditions
- None
Mortgage Calculator
Listing courtesy of Keller Williams Professionals. peterlorenz@kw.com
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