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$437,500
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Property Description
Investor alert! This income producing duplex has been a successful Airbnb for 4+ years. Rare find in prime location ~1 mile to downtown Asheville. Brought in over $54k in 2021! Nightly price on Airbnb is well below market, so could easily up price/night for more income. Both units completely remodeled in 2018/2019 (new electrical, plumbing, foundation, gutters, appliances). Separate electric bill, one water bill. Both units have mini split heating/AC. Upstairs unit is a 1 bed/1 bath with extra futon. Downstairs unit is a 2 bed/1 bath with extra futon. Both units being sold fully furnished and stocked! New owners could begin taking guests/renters immediately! Rent both as short term rentals, long term rentals, or live in one and rent the other- endless possibilities with no STR restrictions in the Town of Woodfin. Partially fenced backyard for pets (fenced on 3 sides), easy access to downtown Asheville, Beaver Lake and 26. Owner is a NC agent.
Full Property Details
Full Property Details for 110 & 110 5 Elkwood Ave
General
- Sold For: $437,500
- Status: Closed
- Type: Duplex
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 3896891
- Added to Site: 907 day(s) ago
Interior
- Interior Features: Cable Available, Dishwasher, Porch/Patio, Range/Oven, Refrigerator
- Appliances: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Electric Oven, Electric Dryer Hookup, Refrigerator, Washer
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Upper Level, Lower Level
Exterior
- Exterior Features: Fence
Parking
- Parking Features: Driveway
Location
- County: Buncombe
- Subdivision: Woodfin Land Company
- Driving Directions: From downtown Asheville: take Broadway/Riverside Drive, Right on Old Burnsville Hill Road. Property is at top of the hill on the left next to auto shop.
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Heating Type: Ductless
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Construction: Site Built
- Exterior Const.: Stucco
- Square Feet: 1,589
- Living Area: 1,589 Sq. Ft.
- Year Built: 1949
Lot Features
- Lot Size (Acres): 0.13
- Street/Road Desc.: Gravel
- Zoning: T-R
Financial Considerations
- Terms: Conventional
- Tenant Pays: None
Disclosures and Reports
- Property ID: 9730-72-7802-00000
- Plat: 1
- Lot Number: 5657-1500
Listed by EXP Realty LLC Asheville
Sold by Heartwood Realty LLC
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Schools
Schools serving 110 & 110 5 Elkwood Ave
School District:Buncombe County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
108 Elk Mountain Rd, Asheville, NC 28804 | K-4 | 0.6 mi | |
20 Erwin Hills Rd, Asheville, NC 28806 | 7-8 | 3.1 mi | |
60 Lees Creek Rd, Asheville, NC 28806 | 9-12 | 2.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 110 & 110 5 Elkwood Ave
Date
Details
Price
Change
Source
10/14/2022
Sold
$437,500
-7.89%
MLS
8/20/2022
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
110 & 110.5 Elkwood Avenue, Woodfin, NC 28804 (MLS# 3896891) is a Duplex property that was sold at $437,500 on October 14, 2022. Want to learn more about 110 & 110.5 Elkwood Avenue? Do you have questions about finding other Duplex real estate for sale in Woodfin? You can browse all Woodfin real estate or contact a Coldwell Banker agent to request more information.