615 Biltmore Ave - Apartments FOR SALE


Asheville, NC 28803- Kenilworth
$1,850,000 USD
828-713-0927
615 Biltmore Ave, Asheville, NC for Sale
$1,850,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

615 Biltmore Ave
Asheville, NC 28803
Kenilworth


OVERVIEW

Rare 8-unit investment opportunity in the sought-after Beverly Condominiums. This portfolio includes six 1BR/1BA units and two 2BR/2BA units, offering a strong unit mix for consistent rental demand. Ideally located with excellent walkability to shopping, dining, and Mission Hospital, and just minutes to downtown Asheville and Biltmore Village. The community is quiet and well-maintained, appealing to long-term tenants seeking a peaceful residential setting. Each unit offers a low-maintenance, lock-and-go lifestyle, making ownership streamlined and efficient. A compelling opportunity to acquire scale in a proven Asheville location with enduring rental appeal. Rental history available upon request. Total of 8 units, each with its own individual tax assessment and HOA dues. Portfolio includes six 1BR/1BA units and two 2BR/2BA units. If there is serious interest in purchasing a smaller subset of units, please contact the listing agent for additional details and potential options.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

8

PRICE/UNIT

$231,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM16

APN/PARCEL ID

9648-52-0324-00000,9648-52-0324-C00A5,9648-52-0324-C00A6,9648-52-0324-C00C2,9648-52-0324-C00D1,9648-52-0324-C00F3,9648-52-0324-C00F8,9648-52-0324-C00J1,9648-52-0324-C00J4,9648-52-0324-C00J6,9648-52-0324-C00K2,9648-52-0324-C00M1,9648-52-0324-C00N3,9648-52-0324-C00N6,9648-52-0324-C00O4,9648-52-0324-C00O5,9648-52-0324-C00Q3,9648-52-0324-C00Q5,9648-52-0324-C00S1,9648-52-0324-C00T2,9648-52-0324-C00U1,9648-52-0324-C00U2,9648-52-0324-C00W4,9648-52-0324-C00X4

ASK ABOUT THIS PROPERTY

Karl NelsonNAI Beverly-HanksMore Info
828-713-0927

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Karl NelsonNAI Beverly-HanksMore Info
828-713-0927

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