Rare Master Lease Opportunity for a Unique Multifamily Property conveniently located in East AVL. Just off Exit 55, this enchanting Property is easy to access, yet nestled amongst the tress & along a beautiful section of the Swannanoa River. Featuring a total of 9 Residential Units; 5 freestanding, 2 bed, 1 bath stick-built homes AND 2 freestanding, 1 bed, 1 bath stick-built duplexes. Each unit has been thoughtfully renovated with modern fixtures. Residents can also enjoy their own deck overlooking the river! This property is a peaceful oasis, perfect for investors. Potential uses include corporate housing, furnished monthly rentals, a family river compound, transitional housing or recovery housing. Please inquire with Buncombe Co. for feasibility of STR compound in this location. If you've been looking for an accessible real estate investment opportunity but lack the capital to acquire a riverfront Property in AVL, this could be the perfect fit. See Listing Attachments for specifics. Priced at $14,500/Month NNN.
Property located within the Flood Plain. Landlord holds Flood Insurance. NNN Lease with Master Tenant paying all utilities, lawn care, garbage and other services. NNN expenses include taxes and insurance (including flood insurance). Potential For Sale opportunity. Inquire with Listing Agent for Details. See attached Miscellaneous Property Details for more information and specifics on each Unit. Property is Vacant and unfurnished. Landlord provides refrigerator and stove in each Unit. Tenant to provide all furnishings and additional appliances desired, such as washers/dryers. Some units are nearing completion of renovation and will be fully completed prior to delivery to Tenant. Listing Agent to accompany all Showings.
