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42 Furman AVE Asheville, NC 28801
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Key Details
Sold Price $2,390,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,395 sqft
Price per Sqft $284
MLS Listing ID 3653125
Sold Date 07/15/21
Year Built 1928
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Multi-Family
Property Description
One-of-a-kind 27-unit apartment building close to downtown and all north Asheville amenities. 96% leased with majority long-term tenants, property is currently managed as weekly rentals. This building has been very well-maintained and managed over period of ownership. A unit mix of 1 bedrooms, efficiency apartments, rooms with private baths and rooms with shared baths. Majority of units are fully furnished gross leases. Property features oak hardwood floors in many units, off-street parking, keyed entrance, laundry facility, and organic community garden/courtyard area. Property has many period features and a lot of personality. No pet or smoking apartment building. This is a strong value-add opportunity with proven rental increases on which to capitalize. Located off the Charlotte St. exit on I- 240, (exit 5B) and less than 1 mile to the Grove Park Inn. No drive-bys. Please do not disturb property manager or tenants. Contact listing agent for all showings and more information.
Location
State NC
County Buncombe
Interior
Heating Gas Hot Air Furnace, Window Unit(s)
Flooring Carpet, Wood
Appliance Ceiling Fan(s), Dryer, Microwave, Refrigerator, Washer
Laundry Lower Level
Exterior
Community Features Laundry Room, Picnic Area
Street Surface Gravel
Accessibility 2 or More Access Exits
Building
Lot Description Cul-De-Sac, Level, Mountain View, Paved
Building Description Brick, Apartments
Foundation Basement
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Asheville City
Middle Schools Asheville
High Schools Asheville
Others
Pets Allowed No
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 Non Member • MLS Administration
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