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520 Courtwood Ln 8 Unit Apartment Building $1,285,000 ($160,625/Unit) Hendersonville, NC 28739
Investment Highlights
- Located one mile from main street Hendersonville and the Ecusta Trail
- 2025 Capital improvements: New Roof, crawlspace encapsulation, exterior of building stained.
- 2 units are updated
- 2025: Units 4 and 8 were completely renovated and washer/dryer added.
Executive Summary
Contact Sherri Holbert of Patton Allen Real Estate for additional questions and showings. 828-674-3649. Great opportunity to acquire an entire 8-unit condominium building under one ownership. You will own 100% of the HOA. Each unit is a separately platted condominium within an established HOA, currently owned by a single investor and offered as a portfolio sale. Significant capital improvements include new roof (2025), crawl space encapsulation (2026), and exterior paint/stain (2025). Two units (Units 4 & 8) have been renovated with updated kitchens featuring quartz countertops, new cabinetry, stainless sinks, and appliances, along with LVT flooring, updated lighting, and new interior/exterior doors. These two units also include a stackable washer/dryer, and a washer/dryer will also be added to units 2 and 6. Each unit is with approximately 598 square feet and includes 1 bedroom and 1 bathroom with bright, natural light and functional unit layout. Each unit has individually metered city water and sewer. New to newer water heaters installed in all units within last three years. Each unit has one covered carport space. Located within 1 mile of downtown shopping, dining, and the Ecusta Trail.
Property Facts
| Price | $1,285,000 | Building Class | B |
| Price Per Unit | $160,625 | Lot Size | 0.55 AC |
| Sale Type | Investment | Building Size | 4,784 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-15 - Residential | ||
| Price | $1,285,000 |
| Price Per Unit | $160,625 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.55 AC |
| Building Size | 4,784 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R-15 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Tub/Shower
- Wi-Fi
Site Amenities
- 24 Hour Access
- Wi-Fi
- Storage Space
- Community-Wide WiFi
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
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520 Courtwood Ln
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