Price Reduction
42 Furman Avenue Asheville, NC
$ 2,590,000
Property Attributes
  • ML#3653125
  • TypeMulti-Family
  • CountyBUNCOMBE
  • CityAsheville
  • AreaBuncombe County
  • Zip28801
  • Style
  • Price$ 2,590,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8395
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Keller Williams Professionals
Data Source:
Canopy MLS
Property Description

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.

Elementary School Middle School High School
Asheville City Elementary School Asheville Middle School Asheville High School
Price History
8/18/2020 Listed $2,600,000
3/18/2021 1% - $2,590,000

General Features

Accessibility 2 or More Access Exits
Appliances Ceiling Fan(s), Dryer, Microwave, Refrigerator, Washer
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+
Pets Allowed No
Property SubType Multi-Family
Property Type Residential Income
Sewer Public Sewer
Standard Status Active
Structure Type Apartments
Total Units 27
Zoning Description Office

Interior Features

Below Grade Finished Area 2081
Laundry Features Lower Level

Exterior Features

Building Area Total 8395
Foundation Details Basement
Lot Features Cul-De-Sac, Level, Mountain View, Paved
Lot Size Area 0.31
Road Surface Type Gravel
Water Source Public


  • 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

Property vs Zip Code Average in 28801

AVG $980K
AVG 87
Year Built
AVG 1925
AVG 61
Data Provided by Walkscore ® not using MLS data

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