42 Furman Avenue

Asheville, NC
$ 2,600,000 Beds 0 Baths 0 Sq 8,395 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Multi-Family

  • Price
  • $ 2,600,000
  • Lot Size
  • 0.31 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 8,395
  • Full Bathrooms
  • 0
  • Year Built
  • 1928
  • Half Bathrooms
  • 0
  • City, Zip
  • Asheville
  • County
  • BUNCOMBE
  • Style
  • Area
  • Buncombe County
  • MLS#
  • 3653125
  • Zip
  • 28801
Listing Provided by: Keller Williams Professionals

Features

General

Car Hoasubjectto None
Community Features Laundry Room, Picnic Area
Construction Materials Brick
Construction Type Site Built
Elementary School Asheville City
Flooring Carpet, Wood
Heating Gas Hot Air Furnace, Window Unit(s)
High School Asheville
Middle/Junior High School Asheville
New Construction No
Parking Features Driveway, Parking Lot, Parking Space - 4+
Property SubType Multi-Family
Property Type Residential Income
Sewer Public Sewer
Standard Status Active
Structure Type Apartments
Total Units 27

Interior Features

Below Grade Finished Area 2081
Laundry Features Lower Level

Exterior Features

Building Area Total 8395
Lot Size Area 0.31
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Asheville, NC office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Asheville City Elementary School
Middle School Asheville Middle School
High School Asheville High School

Price History

8/18/2020 Listed $2,600,000

Property vs Zip Code Average in 28801

Price
AVG $1.02M
$2.6M
Visits
AVG 133
278
Year Built
AVG 1919
1928
Walkscore
AVG 64
69
Data Provided by Walkscore ® not using MLS data

Map

42 Furman Avenue Asheville, NC is a Single Family Home for sale at $2600000 with 8395 sqft and a lot size of 0.31 Acres Acre(s). 42 Furman Avenue Asheville has 0 bedrooms, 0 baths and was built in 1928. The property's zip code is 28801 which is in Asheville, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.