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Renovated Hendersonville Multifamily Investment

526 Fleming St Hendersonville, NC 28739

526 Fleming St, Hendersonville, NC, 28739
$1,025,000
For Sale
$1,025,000

Turnkey 9-unit multifamily community in Hendersonville, North Carolina.

Days on Market61

Property Features for 526 Fleming St

General Information

Standard status
Active
Property subtype
Multifamily
Listing Agency Charleston Office
Listed by Carson Ford · License #License(s): SC: 139774, NC: LC998
Source Marcusmillichap
Added: May 18 Checked: Jul 17 at 2:19 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charleston Office


Investment Insights

Based on property information with market context.

The Fleming Street Apartments, located in Hendersonville, North Carolina, is a 9-unit multifamily community. Constructed in 1960 and fully renovated in 2023, the property consists of four buildings: a cottage, two duplexes, and a quadplex. The property has undergone approximately $200,000 in capital improvements, including new roofs and gutters, new windows, full electrical panel replacement in every unit, upgraded plumbing, a new commercial water heater on the quadplex, and structural stabilization with steel piers and beams. The duplexes and cottage are equipped with new mini-split HVAC systems. Interior renovations include new flooring, updated bathrooms with tile showers, modern kitchen cabinets and appliances, and updated paint and lighting. This turnkey investment opportunity offers a fully repositioned asset with minimal deferred maintenance and immediate cash-flow stability. The property benefits from Hendersonville’s steady demand from working professionals, retirees, and seasonal residents. Short-term rental furniture is available for purchase for buyers interested in continuing short-term rentals.

Key Highlights

  • Comprehensively renovated in 2023 with approximately $200,000 in capital improvements.
  • Turnkey investment opportunity with minimal deferred maintenance and immediate cash‑flow stability.
  • New roofs and gutters, windows, electrical panels, upgraded plumbing, and mini‑split HVAC systems.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Computer & Electronic Repair Electrical Service Tech Support Center Storage Facility (Bike/Boat/Book/etc) Store Auto Parts Store Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store Fish Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Turnkey 9-unit multifamily community in Hendersonville, North Carolina.
Where is this multifamily property located?
The property is located at 526 Fleming St Hendersonville, NC.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Comprehensively renovated in 2023 with approximately $200,000 in capital improvements.; Turnkey investment opportunity with minimal deferred maintenance and immediate cash‑flow stability.; New roofs and gutters, windows, electrical panels, upgraded plumbing, and mini‑split HVAC systems.
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