520 Courtwood Ln - Apartments FOR SALE


Hendersonville, NC 28739
$1,285,000 USD
828-771-2396
520 Courtwood Ln, Hendersonville, NC for Sale
$1,285,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

520 Courtwood Ln
Hendersonville, NC 28739


HIGHLIGHTS

  • Located one mile from main street Hendersonville and the Ecusta Trail
  • 2 units are updated
  • 2025 Capital improvements: New Roof, crawlspace encapsulation, exterior of building stained.
  • 2025: Units 4 and 8 were completely renovated and washer/dryer added.

OVERVIEW

Contact Sherri Holbert of Patton Allen Real Estate for additional questions and showings. 828-674-3649. Great opportunity to acquire an entire 8-unit condominium building under one ownership. You will own 100% of the HOA. Each unit is a separately platted condominium within an established HOA, currently owned by a single investor and offered as a portfolio sale. Significant capital improvements include new roof (2025), crawl space encapsulation (2026), and exterior paint/stain (2025). Two units (Units 4 & 8) have been renovated with updated kitchens featuring quartz countertops, new cabinetry, stainless sinks, and appliances, along with LVT flooring, updated lighting, and new interior/exterior doors. These two units also include a stackable washer/dryer, and a washer/dryer will also be added to units 2 and 6. Each unit is with approximately 598 square feet and includes 1 bedroom and 1 bathroom with bright, natural light and functional unit layout. Each unit has individually metered city water and sewer. New to newer water heaters installed in all units within last three years. Each unit has one covered carport space. Located within 1 mile of downtown shopping, dining, and the Ecusta Trail.

FOR SALE DETAILS

PRICE

$1,285,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

8

PRICE/UNIT

$160,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

R-15

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Madeline KimbroughPatton Allen Real EstateMore Info
828-771-2396

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Madeline KimbroughPatton Allen Real EstateMore Info
828-771-2396

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