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.
Closed
$2,100,000
143-145 147 Powers Rd, Asheville, NC 28806
17beds
10,722sqft
Triplex
Built in 1988
-- sqft lot
$2,554,100 Zestimate®
$196/sqft
$1,734 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 30, 2023 at 01:16pm
Listing Provided by:
Alexandra Schrank brokeralexandra@gmail.com,
RE/MAX Executive
Bought with:
Heather Frank
RE/MAX Executive
Source: Canopy MLS as distributed by MLS GRID,MLS#: CAR4009004

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 11
- Full bathrooms: 10
- 1/2 bathrooms: 1
Heating
- Central, Ductless, Electric, Heat Pump
Cooling
- Ceiling Fan(s), Central Air, Ductless
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer, Other
- Laundry: Lower Level, Main Level
Features
- Flooring: Laminate, Hardwood, Tile, Vinyl, Wood
- Basement: Finished,Full,Interior Entry
Interior area
- Total structure area: 10,722
- Total interior livable area: 10,722 sqft
- Finished area below ground: 2,830
Property
Parking
- Parking features: Driveway, Parking Lot, Parking Space(s), Garage on Main Level
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: Long Range, Mountain(s), Water, Winter, Year Round
- Has water view: Yes
- Water view: Water
- Waterfront features: Other - See Remarks
Lot
- Size: 6.72 Acres
Details
- Additional parcels included: 973000979200000,973010361200000,973000564200000,973000871300000
- Parcel number: 973000954800000
- Zoning description: R-10
- Special conditions: Estate
- Other equipment: Network Ready
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Arts and Crafts
- Property subtype: Triplex
Materials
- Brick Full, Cedar Shake, Hardboard Siding
- Foundation: Crawl Space, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Cable Available, Cable Connected, Electricity Connected, Fiber Optics, Phone Connected
Community & neighborhood
Location
- Region: Asheville
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Gravel, Paved