17 Beds

10 Full baths

10,722 SqFt


A discerning investor will be impressed by this opportunity to add almost 7 acres of gorgeous mountain property with 5 separate parcels and 3 large residences to their portfolio. So many advantages to this hands-off, low-maintenance investment. Ideal location, NNN lease, expansive French Broad River and Mountain Views, high-end single-family residences, future value add potential, 2 possible build sites on additional PINS. Find all of this in an incredible Asheville location just a short drive to the heart of downtown. Tax advantages; in an opportunity zone. A reputable long-term NNN tenant is in place with options through May 2033. Tenants express interest in discussing the option to renew with the new landlord. This sober living investment is safe and stable with the potential for future growth. Expand your horizons and land in the bosom of the blue ridge mountains for your next dream investment. Up the road from Silverline Park. Cap Rate: 6.39%. Inspection report available.

Property Details
Price $2,200,000
Bedrooms 17
Full Baths 10
Half Baths 1
Property Style Arts and Crafts
Lot Size Area 6.72
Lot Size Area Units Acres
Property Type MultiFamily
Sub type Triplex
MLS Sub type Triplex
Stories 2
Year Built 1988
View Long Range, Mountain(s), Water, Winter, Year Round
Roof Shingle
Heating Central, Ductless, Electric, Heat Pump
Foundation Basement, Crawl Space, Slab
Laundry Features Mud Room, Inside, Lower Level, Main Level, Multiple Locations
Parking Description Driveway, Parking Lot, Parking Space(s)
Geographic Data
County Buncombe
Latitude 35.621742
Longitude -82.598035
Address Information
Address 143,145,147 Powers Road, Asheville, NC 28806
Postal Code 28806
City Asheville
State NC
Country United States
Listing Information
Listing Office RE/MAX Executive
Listing Office Phone 828-670-1500
Listing Agent Alexandra Schrank
Listing Agent Phone 828-782-1957
Special listing conditions Estate
Terms Cash, Conventional
Virtual Tour URL https://www.aryeo.com/v2/9ddfb407-bdd1-4be1-a9d3-54642a4c3e79/videos/173833
School Information
Elementary School West Buncombe/Eblen
Middle School Clyde A Erwin
High School Clyde A Erwin
MLS Information
Days on market 17
MLS Status Pending
Listing Date Mar 27, 2023
Listing Last Modified May 3, 2023
Tax ID 973000954800000
MLS # CAR4009004

Map View

This information is believed to be accurate, but without any warranty.