Property Listing No Longer Available for Sale

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
UpdatedAugust 3rd, 2016
TypeMulti-family
Price$2,950,000
Building20,284 Sq. Ft.
Land1.47 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%