This Multifamily Property is no longer advertised on LoopNet.com.

15 Arden Rd
Asheville, NC 28803
Multifamily Property For Sale · 20 Units

Property Facts

No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.47 AC
Building Size 20,284 SF
Average Occupancy 90%
No. Stories 2
Year Built/Renovated 1964/2015
Parking Ratio 1.48/1,000 SF
Zoning RS8

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Storage Space
  • Public Transportation

About 15 ARDEN RD , ASHEVILLE, NC 28803

The Seller, through Dewey Property Advisors as its exclusive agent, is soliciting offers from qualified Buyers for the purchase of 15 Arden Road, a fully-leased 20-unit apartment complex adjacent to Mission Hospital in Asheville, North Carolina. Located just 1,000 feet from the Mission Hospital campus, these affordably priced units are in high-demand. Mission Health currently employs over 12,000 professionals and is ranked among the nation's Top 15 Health Systems. The 3 buildings are well maintained and include 30 exclusive parking spaces for residents. Water, sewer, monthly pest service and storage units are included in the monthly rent. Current rents are below market for similar properties, allowing the Buyer a unique opportunity to capture a projected increase of 30% in monthly rental income.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 - 620
2+1 12 - 900 - 920
3+2 2 - 1,050

Property Taxes

Property Taxes

Parcel Number
9648-54-3557-00000
Land Assessment
$198,500
Improvements Assessment
$1,777,900
Total Assessment
$1,976,400
  • Listing ID: 15578291

  • Date on Market: 3/29/2019

  • Last Updated:

  • Address: 15 Arden Rd, Asheville, NC 28803

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