$295,000
$295,000
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3 Beds
3 Baths
1,576 SqFt
SOLD DATE : 12/09/2021
Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,576 sqft
Price per Sqft $187
Subdivision Linwood Park
MLS Listing ID 3768291
Sold Date 12/09/21
Style Bungalow
Bedrooms 3
Full Baths 3
Year Built 1972
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Attention investors! Located in an opportunity zone in the budding neighborhood of Oakley, this triplex is five minutes from downtown Asheville and even closer to Biltmore Village. All three units need updating as they were never vacant so plans to renovate never came to fruition. The basement unit is likely a complete gut and remodel, the biggest project of all 3 (cigarette smoke present). Rental rates kept incredibly low bc of the lack of affordable housing w/basement tenants pre-dating ownership, so current leases do not represent current market rates. Unit A recently vacant due to selling and is available to show any time, the other two have leases in place until 12/01/21 and 05/01/22 and agent accompany with 24-hour notice preferred. Detailed floor plans of each unit attached to MLS. Please respect tenants' privacy and do not walk around the house without a scheduled showing. Would be great for a 1031 Exchange Buyer or cash buyer. Price just reduced 30k.
Location
State NC
County Buncombe
Interior
Heating Baseboard
Flooring Carpet, Wood
Appliance Electric Range, Refrigerator
Exterior
Total Parking Spaces 3
Building
Lot Description Rolling Slope
Building Description Vinyl Siding, Triplex
Foundation Basement Fully Finished, Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Oakley
Middle Schools Ac Reynolds
High Schools Ac Reynolds
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with Matt Payne • Keller Williams Professionals
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "