18 Church St - Hospitality FOR SALE


Asheville, NC 28801- Downtown Asheville
$5,900,000 USD
828-281-4024
18 Church St, Asheville, NC for Sale
$5,900,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

18 Church St
Asheville, NC 28801
Downtown Asheville


HIGHLIGHTS

  • 4-level. 8-unit/14-bedroom short term rental. Sprinklered. Elevator to all floors.
  • Turnkey. Fully furnished with kitchens and laundry in every unit. All FF&E conveys.
  • Awarded the prestigious Griffin Award for outstanding historic preservation.
  • Situated on historic Church Street, one of the most beautiful, tree-lined streets in downtown Asheville.
  • Seller self-manages from out of town. Upside in ramping up the business full time.
  • Potential to convert to partial owner-user or individual condos.

OVERVIEW

Stunning 8-unit/14-room short term rental investment opportunity. Situated on coveted Church St, an urban oasis in the heart of thriving downtown Asheville. Turnkey - Fully furnished with kitchens and laundry in every unit. All FF&E, website conveys. Awarded the prestigious Griffin Award for outstanding historic preservation. Potential to convert to partial owner-user or individual condos. 1895 restored historical elements uniquely blended with modern amenities and style. Fully sprinklered. Elevator serving all floors. A rare downtown Asheville opportunity to purchase an entire building purposely designed for short term rental use. See marketing brochure for details. PRICE: $5,900,000 GROSS BUILDING AREA • Rear Alley: ±2,857 SF • Church St: ±2,894 SF • 2nd Floor: ±2,639 SF • 3rd Floor: ±2,639 SF Total: ±11,029 Gross UNIT CONFIGURATION • Units 101 & 102: 2-Story. 3 bed/3 bath • Units 201, 202, 301, 302: 1 bed/1 bath with balconies • Units 203 & 303: 2 bed/2 bath Total 8 units / 14 bedrooms

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$535 USD /SF

# OF ROOMS

8

PRICE/ROOM

$737,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Altamont

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,886 SF

ZONING

CBD

APN/PARCEL ID

9649-30-9013-00000

ASK ABOUT THIS PROPERTY

John MenkesG/M Property GroupMore Info
828-281-4024

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John MenkesG/M Property GroupMore Info
828-281-4024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.