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  • $723,700

    3112 Asheville Hwy, Pisgah Forest, NC 28768

    6beds
    5,555sqft
    Quadruplex
    Built in 1968
    -- sqft lot
    $723,700 Zestimate®
    $130/sqft
    $2,209 Estimated rent

    Home value

    $723,700

    $630,000 - $832,000

    $2,209/mo

    Zestimate® history
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    $4,134/mo

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    $4,134/mo

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    What's special

    Storage unit

    Sellers are motivated, so bring your offers! Investors take note of this opportunity to own an income producing 4 unit multiplex just minutes from the entrance to the Pisgah Forest. All units are currently rented out on 6 month leases, then will be month to month at the end of July. Monthly revenue of $5,050. 7.7% CAP RATE - see attachments. Adjustment of price has been set in place to reflect the cap rate. With over 5000 square-feet of heating living area, 3 garages, a storage unit, and plenty of yard space 3112 Asheville hwy has been a successful long-term rental for the past few years. With its amazing location it could also easily be converted into a vacation rental. Under a mile to entrance of the Pisgah Forest, and 4 miles to Downtown Brevard.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    Graham Wilson graham@grahamwilsonrealtor.com,

    RE/MAX Land of the Waterfalls

    Bought with:

    Jana Osada

    Keller Williams Elite Realty

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 3888197MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 4
    • 1/2 bathrooms: 2
    Heating
    • Heat Pump
    Cooling
    • Ceiling Fan(s), Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Oven, Refrigerator, Washer
    • Laundry: Common Area, Electric Dryer Hookup, Lower Level
    Features
    • Storage
    • Flooring: Laminate, Tile, Wood
    • Doors: Insulated Door(s), Screen Door(s), Storm Door(s)
    • Windows: Insulated Windows, Storm Window(s)
    • Basement: Finished
    • Fireplace features: Other - See Remarks
    Interior area
    • Total structure area: 5,555
    • Total interior livable area: 5,555 sqft
    • Finished area below ground: 1,983

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached Garage, Parking Space(s), Garage on Main Level
    • Has attached garage: Yes
    • Uncovered spaces: 4
    • Details: 4 in front, and 2 in the back.(Parking Spaces: 3+)
    Features
    • Patio & porch: Balcony, Deck, Patio, Other
    • Exterior features: Lawn Maintenance
    • Fencing: Fenced
    • Waterfront features: Creek/Stream
    Lot
    • Size: 1.82 Acres
    • Features: Cleared, Green Area, Hilly, Pasture, Paved
    Details
    • Additional structures: Barn(s)
    • Parcel number: 8597761945000
    • Zoning: CMX
    • Special conditions: Subject to Lease
    • Other equipment: Network Ready

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Quadruplex
    Materials
    • Brick Partial, Fiber Cement, Hardboard Siding
    • Foundation: Other - See Remarks
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1968

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: Well
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Pisgah Forest
    • Elevation: 1500 Feet

    Financial & listing details

    • Price per square foot: $130/sqft
    • Tax assessed value: $431,480
    • Annual tax amount: $320,960
    • Date on market: 8/24/2022
    • Cumulative days on market: 281 days
    • Listing terms: Cash,Conventional
    • Tenant pays: Cable TV
    • Road surface type: Asphalt, Concrete, Paved

    Price history

    DateEventPrice
    8/17/2023Sold$573,000-11.8%$103/sqft
    Source: Canopy MLS as distributed by MLS GRID #3888197 Report a problem
    3/8/2023Price change$650,000-12.4%$117/sqft
    Source: Canopy MLS as distributed by MLS GRID #CAR3888197 Report a problem
    1/7/2023Price change$742,000-3.3%$134/sqft
    Source: Canopy MLS as distributed by MLS GRID #3888197 Report a problem
    11/25/2022Price change$767,000-9.7%$138/sqft
    Source: Canopy MLS as distributed by MLS GRID #3888197 Report a problem
    10/25/2022Price change$849,000-5.6%$153/sqft
    Source: Canopy MLS as distributed by MLS GRID #3888197 Report a problem
    8/24/2022Listed for sale$899,000+131.1%$162/sqft
    Source: Canopy MLS as distributed by MLS GRID #3888197 Report a problem
    7/31/2020Sold$389,000$70/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$320,960 +11199.7%$667,970 +54.8%
    2024$2,840 $431,480
    2023$2,840 $431,480
    2022$2,840 +0.8%$431,480
    2021$2,819 -9.2%$431,480 -3.3%
    2020$3,105 +0.7%$446,140
    2019$3,083 +22.1%$446,140
    2018$2,525 0%$446,140
    2017$2,525 $446,140
    2016$2,525 +22.2%$446,140 -8.9%
    2015$2,067 $489,970
    2014$2,067 $489,970
    2011-- $489,970
    2010-- $489,970
    Find assessor info on the county website

    Neighborhood: 28768

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pisgah Forest
    • Middle: Brevard
    • High: Brevard

    Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $723,700
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    With Zillow Showcase(estimated)
    $738,174