15 Arden Road, Asheville, NC
Multi-family for Sale - $2,950,000 - 20,284 Sq. Ft. on 1.47 acres
Property Info
CIMLS# | 876783 |
Location 15 Arden Road Asheville NC 28803 | |
Updated | August 3rd, 2016 |
Type | Multi-family |
Price | $2,950,000 |
Building | 20,284 Sq. Ft. |
Land | 1.47 acres |
Property Description
Sperry Van Ness | BlackStream Commercial, LLC as exclusive Sales Broker to the Seller, is pleased to present the opportunity to buy this very desirable 20-unit apartment complex located 1,000 feet from the Mission Hospital campus.
Forest Hills Apartments is a newly refurbished 20-unit apartment complex located just 1,000 feet from the Mission Hospital campus. The 3 buildings are well maintained and include 30 free parking spaces. Water, sewer, monthly pest service and storage units are included in the rent. Current rents are below market which means upside potential for the investor. Within walking distance of the Mission Hospital campus means that these units are 100% occupied and always in demand by hospital staff. Demand will only increase once the 12-story, 681,000 square-foot, $400-million hospital expansion is completed in 2018.
*The information contained herein was obtained from sources deemed to
be reliable. However, BlackStream Commercial, LLC makes no guarantees,
warranties, or representations as to the completeness or accuracy thereof.
SVN | BlackStream recommends a commercial appraisal prior to listing. This
is not a commercial appraisal.
Location Description:
20-unit apartment complex located 1,000 feet from the Mission Hospital campus.
Highlights:
>> 1,000 feet from the Mission Hospital campus
>> Below market rents = upside investment potential
>> $767K in capital improvements since 2008
>> Rent includes water, sewer, pest service, and storage rooms
>> Laundry room provides additional income
>> Always 100% occupied and in demand
* Email for additional photos
Financials
Sales Info:
>> Commision split: 2.5%