For Sale
$369,000
4 And 6 Mountain View Rd, Asheville, NC 28806
Multifamily properties
Property Size1,512 SF
Price / SF$244.05
Days on Market69
Property Features for 4 And 6 Mountain View Rd
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Multi-Family
Building Details
Year Built
1965
Listing Agency:
Keller Williams Professionals
Listed By:
Jason Martini · License #286901
(828) 515-1771
Source:
Highperformancerea
Added: Aug 8
Changed: Oct 2
Last Checked: Oct 7 at 4:50PM
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 Keller Williams Professionals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,740
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,800
$294.8K
Cap Rate 7%
$210,571
$210.6K
Cap Rate 9%
$163,778
$163.8K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$30.7K $20.28/SF
− Vacancy
−$3.9K −$2.56/SF
EGI
$26.8K $17.72/SF
− OpEx
−$12.1K −$7.98/SF
NOI
$14.7K $9.75/SF
Area
Buncombe County, NC
Vacancy
12.60%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,800
Cap Rate 7%
$210,571
Cap Rate 9%
$163,778
Alternative Uses
Best Use
Apartment 5plus
$210.6K
$184.3K – $245.7K
NOI $14,740 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.1K
$418.4K – $557.8K
NOI $33,468 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this multifamily property located?
The property is located at 4 And 6 Mountain View Rd Asheville, NC.
What is the asking price?
The asking price for this property is $369,000.
