$570,000
Est. Payment: $2,930/mo
Adjust down payment, rate & terms
37 Water St, Asheville, NC 28801
Asheville, NC 28801
0
bedrooms
N/A
baths
N/A
sq.ft.
N/A
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
About This Property
Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history—not new construction—and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.
About the Neighborhood
Homes for sale in 28801 place buyers at the heart of Asheville's most celebrated and architecturally significant urban core, encompassing Downtown Asheville, the River Arts District, and the historic Montford neighborhood, one of the most intact collections of Victorian and Arts and Crafts architecture in the American Southeast. The residential landscape in Montford features exquisite Queen Anne, Colonial Revival, and Craftsman homes on tree-shaded streets within walking distance of Asheville's legendary Lexington Avenue arts corridor, the Grove Arcade, and a nationally recognized independent restaurant scene. The River Arts District along the French Broad River has transformed former industrial studios into one of the Southeast's most vibrant working artist communities, with dozens of galleries and creative businesses anchoring the zip code's southwestern edge. Mission Health's main hospital campus and a dense concentration of creative economy employers make 28801 a genuine live-work destination. The 28801 real estate market commands some of the highest valuations in Western North Carolina, driven by irreplaceable architectural inventory, walkability, and Asheville's sustained status as one of America's most visited mountain cities.
Property Features
Property Description
- Stories: 2
- Year Built: 1925
- New Construction: No
- MLS #: 4417990
Association
- HOA Required: No
Utilities
- Cable Available
- Natural Gas
Interior Features
- Heating: Baseboard
- Cooling: Window Unit(s)
Appliances
- Gas Oven
- Gas Range
- Gas Water Heater
- Microwave
- Refrigerator
Construction Materials
- Wood
- Foundation: Basement
Cooling
- Window Unit(s)
Foundation Details
- Basement
Heating
- Baseboard
Parking Features
- Parking Space(s)
Exterior Features
- Patio/Porch: Front Porch, Porch, Rear Porch
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Paved
Sewer
- Public Sewer
WaterSource
- City
Security Features
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Flooring
- Vinyl
- Wood
Tax and Financial Info
- Listing Terms: Cash, Conventional, Private
Location
Similar homes nearby
LISTING COURTESY OF: KELLER WILLIAMS PROFESSIONALS
peterlorenz@kw.com
$570,000
Est. Payment: $2,930/mo
Adjust down payment, rate & terms
Asheville, NC 28801
0
bedrooms
N/A
baths
N/A
sq.ft.
N/A
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Professionals
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
$570,000
37 Water Street
0 bed, 0 bath