13 Christ School Rd, Arden, NC

14-unit apartment complex in convenient Arden location. Located just off booming Airport Rd/Hendersonville Rd/Sweeten Creek intersection. 6 units are completely new; remaining 8 units in excellent condition. New roof; sealed crawl space with 2 commercial dehumidifiers; new steps/decks/railings; new exterior paint; landscaping. Newer bedroom windows. Separately metered (including water); each unit has its own HVAC and private back deck. 7% Cap Rate. Low-maintenance & excellent cash flow. Rents increasing.

Listing Details

  • Price: $1,550,000
  • Square Feet: 10,080
  • Acres: 1.350
  • County: Buncombe County
  • Zoning: R-3
  • Price per SqFt: $154
  • Price per Acre: $154
  • Listed By: Karnes

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