$235,000
$245,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,127 SqFt
SOLD DATE : 09/24/2020
Key Details
Sold Price $235,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,127 sqft
Price per Sqft $208
Subdivision Mars Hill
MLS Listing ID 3639634
Sold Date 09/24/20
Style Bungalow,Cottage
Bedrooms 3
Full Baths 2
Year Built 1925
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Multi-Family
Property Description
Immediate positive cash flow ($2100 per month!) on this great duplex in Downtown Mars Hill! Upper unit is rented with occupancy beginning in August for $1500 per month for one year. Lower level has stayed rented at $600 per month, but seller will let new owner choose the tenant. New carpet in lower level. Baths have been updated, and floors refinished. Washer and dryer in each unit. Lower level has large deck, and upper level has screened porch and deck. Covered front porch. Walk to the brewery, dinner, coffee, and classes! Better CAP rate than Asheville properties with long term growth potential in a charming college town!
Location
State NC
County Madison
Interior
Heating Gas Hot Air Furnace, Heat Pump
Flooring Carpet, Tile, Wood
Fireplace false
Appliance Cable Prewire, Ceiling Fan(s), Dishwasher, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
Laundry Main Level, In Basement
Exterior
Community Features Sidewalks
Street Surface Gravel
Building
Lot Description Green Area, Level, Mountain View, Sloped
Building Description Wood Siding, Duplex
Foundation Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished, Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Cottage
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Mars Hill
Middle Schools Madison
High Schools Madison
Others
Pets Allowed Conditional
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Heather Wheatley • Asheville Real Estate Co.
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