💰Fix and Flip Near Biltmore Forest. 🏡 Potentially add a Second Home

Buncombe County, Asheville, NC, 28803
Sold
Listed at: February 2nd, 2024
Price
$278,500
ARV
$425,000
Gross Margin
$146,500
Sq. Footage
1176
Type
Single-Family
Parking
Unassigned
Year build
1956
Lot size
0.43 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

PHENOMENAL HALF ACRE DEVELOPMENT 💰 OR Fix and Flip opportunity in a PRIME location in between Asheville downtown and Biltmore Forest. 🌳 10 Minutes from Downtown Asheville. Up to 4 attached or detached homes. Priced to sell!

Per Buncombe County:

  • R-2 Residential zoning district, in which two dwelling units are permissible on any lot, plus one more for every 3,600 square feet of area exceeding the minimum lot size (which, for this lot and zoning district, is 10,000 square feet).
  • Based on the lot size of 0.43 acres (or 18,730.8 square feet), up to four attached or detached dwelling units would be permissible on the lot, as long as all structures adhere to minimum property line setbacks, and at least two 9’x18’ parking spaces are provided for each unit.
  • From our records, it appears that this property is serviced by MSD public sewer but uses a private well for water. Properties in R-2 zoning with public sewer, but no public water, have a minimum lot size requirement of 10,000 square feet. With the existing lot being less than 20,000 square feet, it would not be possible to subdivide the existing property and have both resulting lots meet that minimum size.

Price is $295,000. NEW PRICE $278,500

SFH is a 3 bedroom 2 bathroom 1176 SF

Contact for address or more information, or to schedule a walk-through is:

📲 Phillip (513) 850-3651 ☎️

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Phillip Misyu

No reviews

Disposition manager