1 Camby Street, Asheville, NC 28801
- $370,000
- 3
- BD
- 1
- BA
- 896
- SqFt
- List Price
- $370,000
- MLS#
- 4371645
- Status
- ACTIVE
- Property Type
- Residential
- Architectural Style
- Ranch
- Year Built
- 1984
- Price Change
- ▼ $10,000 1781895992
- Days on Market
- 60
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Lot Size
- 18,730
- Lot Size Area
- 0.43
- Living Area
- 896
- Sq Ft Total
- 896
- County
- Buncombe
- Subdivision
- E Riverside Urban Renewal Area
Property Description
RE: Investment Opportunity – Multi-Strategy Residential Asset at 1 Camby St, Asheville, NC I am pleased to present an exceptional residential investment or forever home opportunity located at 1 Camby St, Asheville, NC 28801. Priced at $370,000 following a recent $10,000 price improvement, this property offers a rare combination of immediate cash-flow potential and significant development upside in a highly desirable, walkable urban corridor. Strategies to maximize return on investment: (1) Update the Cottage. cosmetic upgrades (paint, new floors, kitchen cabinets, and modern light fixtures). Use the large backyard to build an Accessory Dwelling Unit (ADU) above a garage. Rent the main house and the ADU, creating massive equity and cash flow. (2) Subdivide and Sell Subdivide the lot to sell as a separate building parcel. Sell the vacant lot. Renovate the existing home and flip. (3) Renovate and Sell Add a bathroom, open the kitchen, and install a modern deck facing the large private backyard. Clear the sloped portions of the lot and add a modern fire pit area to maximize the urban lot appeal. Sell the fully updated 2-bed, 2-bath home. (4) Move in and enjoy the large private yard and short distances to River Arts district, Downtown Asheville. The adjoining lot listed for sale MLS 4233414
Additional Information
- Equipment
- Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Exhaust Hood, Refrigerator
- Foundation
- Crawl Space
- Main Level Rooms
- Primary Bedroom, Bedroom(s), Bedroom(s), Kitchen, Living Room, Dining Area, Laundry, Mud
- Laundry Location
- Electric Dryer Hookup, Washer Hookup
- Heating
- Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Features
- Fire Pit, Storage
- Exterior Construction
- Hardboard Siding, Wood
- Parking
- Driveway
- Driveway
- Gravel, Paved
- Lot Description
- Cleared, Level, Sloped
- Elementary School
- Claxton
- Middle School
- Asheville
- High School
- Asheville
- Zoning
- RS8
- Special Conditions
- None
Mortgage Calculator
Listing courtesy of Fathom Realty NC LLC. mgragg@fathomrealty.com
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