49 Madison Avenue, Asheville, NC 28801
- $319,900
- 3
- BD
- 1
- BA
- 1,445
- SqFt
- List Price
- $319,900
- MLS#
- 4394135
- Status
- ACTIVE
- Property Type
- Residential
- Year Built
- 1915
- Price Change
- ▼ $20,000 1785107683
- Days on Market
- 34
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Lot Size
- 6,098
- Lot Size Area
- 0.14
- Living Area
- 1,445
- Sq Ft Total
- 1445
- County
- Buncombe
- Subdivision
- Hillside Park
Property Description
Investment Opportunity: Prime Development Potential in the Heart of Asheville. Renovate and FLIP!! Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joe’s, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment. Why Investors Will Love This Opportunity or your Renovation Team. The Value is there!! With great potential to Build More homes!! Maximum Density: Thanks to its RM8 zoning district, this property allows for up to four units. Flexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex. Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage. Strategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple. This property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Asheville’s most desirable areas. Whether you are looking to renovate the existing structure or leverage the site for multi-unit development, the foundation for success is already here. All potential buyers are encouraged to verify zoning possibilities and development plans directly with the City of Asheville Planning and Urban Design Department.
Additional Information
- Fireplace
- Yes
- Equipment
- None
- Foundation
- Basement
- Main Level Rooms
- Dining Room
- Laundry Location
- None
- Heating
- Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Hardboard Siding
- Parking
- On Street
- Driveway
- None, Paved
- Elementary School
- Claxton
- Middle School
- Asheville
- High School
- Asheville
- Zoning
- RM8
- Special Conditions
- None
Mortgage Calculator
Listing courtesy of Blueblaze Real Estate Group LLC. rhoke317@gmail.com
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