134 Biltmore Ave Asheville, NC 28801

Listing agency G/M PROPERTY GROUP LLC j***@gmproperty.com Show Phone

Listed by John Menkes · License #NC 194446

Source Crexi

Added: Apr 11 Updated: Jul 20 at 7:06PM Checked: Jul 21 at 4:56AM

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Investment Insights

Based on property information with market context.

Two circa-1920 apartment buildings offer a combined total of 8 units. Each building is 2 stories plus basement and was originally designed for apartment use, with wide, low eaves and ashlar granite construction. The buildings provide four 2-bedroom, 1-bath units per building, for eight units total, and include 8 individual meters for gas, electric, and water.

The property is located in the Downtown Hotel Overlay. Existing leases are reported to be well below market, with all but 1 lease stated as month-to-month. The offering notes potential for conversion to condos, hotel use, or partial private residence; see the brochure for additional details.

Key Highlights

• Two circa‑1920 two‑story apartment buildings with basements, for a total of 8 units
• Each building has 4 units (2‑bedroom/1‑bath per unit), totaling 8 two‑bedroom units
• Utilities are separately metered with 8 individual meters for gas, electric, and water

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FAQs

What type of property is this?

Apartment building - Two circa-1920 two-story apartment buildings total 8 units with gas, electric, and water meters and mostly month-to-month leases.

Where is this apartment building located?

The property is located at 134 Biltmore Ave Asheville, NC.

What are key features of this property?

This property features: Two circa‑1920 two‑story apartment buildings with basements, for a total of 8 units; Each building has 4 units (2‑bedroom/1‑bath per unit), totaling 8 two‑bedroom units; Utilities are separately metered with 8 individual meters for gas, electric, and water