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.
| MLS # | 4416437 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 54 |
| Listing Provided By | Keller Williams Professionals | Peter Lorenz |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,244 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | RS8 |
| Acreage | 0.10 |
| Cooling | Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Appliances | Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| Security Features | Carbon Monoxide Detector(s), Smoke Detector(s) |
|---|---|
| Construction Materials | Wood |
| Foundation Details | Basement |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Space(s) |
| Utilities | Cable Available, Natural Gas |
|---|
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 303300 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28801) | |
Price: $540,000 low | high Med: $739,000 sqft: 2,244 low | high Med: 1,038 $ / sqft: $241 low | high Med: $712 On site: 54 low | high Med: 131 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28801) | |
Price: $540,000 low | high Med: $739,000 sqft: 2,244 low | high Med: 1,038 $ / sqft: $241 low | high Med: $712 On site: 54 low | high Med: 131 | |