Asheville Investment Portfolio Opportunity – Tenant-Occupied Rental Properties with Immediate Income! Rare opportunity to acquire income-producing investment properties in Asheville with established tenants and immediate rental potential. This portfolio is ideal for both first-time investors looking to purchase their first rental property and experienced investors seeking to expand their real estate portfolio with additional Asheville assets.
Featuring tenant-occupied rental properties, including 214 Short Michigan Avenue and 40 Mulberry Street, this opportunity provides the advantage of existing rental income and a streamlined transition for the next owner. These properties are conveniently located near one another, offering an excellent opportunity for investors looking for easier property management and strategic portfolio growth. Located near downtown Asheville, restaurants, breweries, shopping, entertainment, and major amenities, these properties benefit from strong rental demand in one of Western North Carolina's most desirable real estate markets. Whether you're searching for an Asheville investment property, rental property, income-producing real estate, long-term rental opportunity, cash-flow investment, or portfolio acquisition, this opportunity offers flexibility and long-term potential.
properties may be purchased individually or together, allowing buyers to customize their investment strategy. Please see individual MLS listings for additional details on each property. Opportunities to acquire tenant-occupied Asheville rental properties with portfolio flexibility are limited. Schedule your private showing today and explore this unique investment opportunity.
Property Details
- Cooling
- Ceiling Fan(s), Central Air, Electric, Heat Pump
- Heating
- Central, Forced Air, Heat Pump
- Cooling Features
- Ceiling Fan(s), Central Air, Electric, Heat Pump
- Bedrooms
- 8
- Bathrooms
- 5.5
- Full Baths
- 5
- Half Baths
- 1
- Acres
- 0.0
- Square Feet
- 3124.0
- Lot Size (sqft)
- 0.42
- Parking Features
- Driveway
- Parking Type
- Driveway
- Property Type
- Multi-Family
- Basement
- 1
- Basement Description
- Other
- Year Built
- 2003
- Foundation
- Crawl Space
- Sewer Information
- Public Sewer
- Utility Source
- City
- Appliances
- Dishwasher, Dryer, Electric Oven, Electric Range, Oven, Refrigerator, Washer, Washer/Dryer
- Subdivision
- Sky Harbor
- Elementary School
- Unspecified
- Middle School
- Asheville
- High School
- Asheville
- County
- BUNCOMBE
- Region
- Asheville
- Zoning
- RM16
- Original List Price
- $975,000
- Days on Market (Cumulative)
- 53
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-07-20T01:49:05Z. 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. Some IDX listings have been excluded from this website.
Provided By
Listed by Shane Surratt (#CAR548509825)
Listing Office: Ivester Jackson Blackstream (#CARNCM33610)
