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    500 W Allen Street

    Hendersonville, NC 28739
    • $1,145,000
    • STATUS: Active Under Contract
    • ON SITE: 9 days
    • ID#: 3708725
    Under Contract
    $1,145,000
    • 24
      BEDS
    • 1.88
      ACRES
    • 23
      BATHS
    • 2
      1/2 BATHS
    • 11,915
      SQFT
    • $96
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Offered by Two Trails Llc. Copyright 2021 Canopy MLS. All rights reserved.

    Description

    Excellent investment opportunity in downtown Hendersonville with a 10% cap rate that could easily be increased with current market rent. This unique property comprises 5 buildings consisting of 22 apartments and a storage unit that could be converted into an additional rental. A total of 13 lots compose the 1.88 (+/-) acres with lot 50 & 60 vacant. CASH COW with 100% occupancy for 9+ years with majority long-term tenants. This property is located within a quarter mile from Main Street making it comfortably walkable to restaurants, shopping, breweries, bus stops and grocery stores. Ideal rental for those that don't have vehicles. Property features include ceramic tile floors throughout units for easy maintenance, wooden cabinetry, laminate countertops, exterior decking, newer refrigerators and ovens and off-street parking. Please refer to attached property overview for apartment unit details. Please do not disturb residents. Contact agent if buyer is interested in viewing interiors.

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    Based on information submitted to the MLS GRID as of 2021-03-01T23:58:46.047 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither LePage Johnson Realty Group, LLC | eXp Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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    500 W Allen Street Hendersonville, NC 28739

    • Price: $1,145,000
    • Status: Active Under Contract
    • ID#: 3708725
    24
    Beds
    23
    Baths
    2
    ½ Baths
    1.88
    Acres
    11,915
    SQFT
    $96
    $/SQFT
    1989
    Built
    Neighborhood:
    Toms Hill Park
    County:
    Henderson
    Area:
    Hendersonville
    Elementary School:
    Bruce Drysdale
    Middle School:
    Hendersonville
    High School:
    Hendersonville
    Property Description
    Excellent investment opportunity in downtown Hendersonville with a 10% cap rate that could easily be increased with current market rent. This unique property comprises 5 buildings consisting of 22 apartments and a storage unit that could be converted into an additional rental. A total of 13 lots compose the 1.88 (+/-) acres with lot 50 & 60 vacant. CASH COW with 100% occupancy for 9+ years with majority long-term tenants. This property is located within a quarter mile from Main Street making it comfortably walkable to restaurants, shopping, breweries, bus stops and grocery stores. Ideal rental for those that don't have vehicles. Property features include ceramic tile floors throughout units for easy maintenance, wooden cabinetry, laminate countertops, exterior decking, newer refrigerators and ovens and off-street parking. Please refer to attached property overview for apartment unit details. Please do not disturb residents. Contact agent if buyer is interested in viewing interiors.
    Exterior Features

    Construction Materials Vinyl SidingWood Siding Exterior Features Storage Lot Features City ViewClearedLevelSlopedWooded Parking Features Parking Space - 4+ Parking Total 22 Road Surface Type Asphalt Waterfront Features None

    Interior Features

    Appliances Ceiling Fan(S)Electric OvenElectric RangeRefrigerator Below Grade Finished Area 0 Building Area Total 11915 Fireplace YN No Flooring Tile Foundation Details Crawl SpaceSlab Heating NoneWall Unit(S)Window Unit(S) Laundry Features Other

    Property Features

    Community Features None Listing Terms CashConventional New Construction YN No Property Sub Type Multi-Family Sewer Public Sewer Special Listing Conditions None Structure Type Apartments Tax Assessed Value 727300 Water Source Public



    Based on information submitted to the MLS GRID as of 2021-03-01T23:58:46.047 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither LePage Johnson Realty Group, LLC | eXp Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

    Digital Millennium Copyright Act
     
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    LePage Johnson Realty Group, LLC | eXp Realty
    Serving Your Real Estate Needs In
    Charlotte - Lake Norman NC,
    Offered by Two Trails Llc. Copyright 2021 Canopy MLS. All rights reserved.