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615 Biltmore Ave 8 Unit Apartment Building $2,529,135 CAD ($316,142 CAD/Unit) Asheville, NC 28803
Executive Summary
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.
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.
Property Facts
| Price | $2,529,135 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $316,142 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 8,000 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | ||
| Zoning | RM16 | ||
| Price | $2,529,135 CAD |
| Price Per Unit | $316,142 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 8,000 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | RM16 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,372,980 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $4,372,980 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$4,372,980 CAD
Total Assessment
$4,372,980 CAD
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615 Biltmore Ave
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