65 King Street, Asheville, NC 28804
- $500,000
- 3
- BD
- 1,392
- SqFt
- List Price
- $500,000
- MLS#
- 4423788
- Status
- ACTIVE
- Property Type
- Residential Income
- Distressed Property
- Yes
- Year Built
- 1937
- Days on Market
- 0
- Bedrooms
- 3
- Full Baths
- 2
- Lot Size
- 10,890
- Lot Size Area
- 0.25
- Living Area
- 1,392
- Sq Ft Total
- 1392
- County
- Buncombe
- Subdivision
- Jackson Park
Property Description
Excellent investment opportunity in a prime Asheville location! 26 King Street offers two separate rental units within walking distance of UNCA, the Reed Creek Greenway, and Downtown Asheville. Both units are currently occupied by long-term tenants, providing an attractive opportunity for an investor seeking stable, established rental income. Unit A features 2 bedrooms and 1 bath and currently rents for $1,450/month. Unit B offers 1 bedroom and 1 bath and currently rents for $1,700/month. Both tenants are currently under lease through summer 2027 and have expressed interest in extending their leases, subject to the next owner's approval. The property has also benefited from significant recent improvements, including new decks, siding, windows, and HVAC systems in early 2025. Both units have upgraded electrical panels, and separate utility submeters and hot water heaters, allowing tenants to be billed directly for utilities. The metal roof was installed in 2017, and ongoing interior maintenance has included fresh paint, floor refinishing, and other routine updates. With two established rental units, reliable long-term tenants, recent improvements, and an unbeatable location close to UNCA, greenways, and Downtown Asheville, 26 King Street is an excellent opportunity to add a turnkey, income-producing property to your portfolio.
Additional Information
- Equipment
- Electric Range, Refrigerator
- Foundation
- Crawl Space
- Laundry Location
- In Unit, Main Level
- Heating
- Ductless
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Vinyl
- Roof
- Composition
- Parking
- Driveway
- Driveway
- Gravel, Paved
- Elementary School
- Claxton
- Middle School
- Asheville
- High School
- Asheville
- Zoning
- RS8
- Special Conditions
- Subject to Lease
Mortgage Calculator
Listing courtesy of Nest Realty Asheville. andrew@andrewlanterigroup.com
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