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    445 Sand Hill Rd Asheville, NC 28806

    Sponsored
    For Sale
    $2,295,000

    Six Units, Prime West Asheville Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional six-unit townhouse portfolio in desirable West Asheville, North Carolina, presents a lucrative investment opportunity. Priced at $2,295,000 ($382,500 per unit), this property boasts a stable rental history with long-term tenants. Each unit features hardwood floors, vaulted ceilings, and a gas log fireplace, creating a comfortable and inviting atmosphere. Gourmet kitchens are equipped with stainless steel appliances, including refrigerators with ice makers. The master bedrooms include vaulted ceilings, ceiling fans, and jetted tubs, while all units offer convenient garage access with remote openers. Heat pumps provide efficient climate control. Located across from the Hominy Creek Greenway, this portfolio enjoys a prime location near the West Asheville/Haywood Road shopping area and the Asheville Outlets, ensuring high occupancy rates and strong rental income. The units also include decks accessible through French doors, half baths with pedestal sinks, and ceiling fans in both bedrooms. This is a rare opportunity to acquire a well-maintained, high-demand rental property in a thriving Asheville neighborhood. The property address is 445 Sand Hill Rd, Asheville, NC 28806.

    Property Features for 445 Sand Hill Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    6

    HighLights

    • Six‑unit townhome portfolio in desirable West Asheville, NC, asking $2,295,000.
    • Prime West Asheville location, across from the Greenway, near shopping and Asheville Outlets.
    • Each unit features hardwood floors, vaulted ceilings, and gas fireplaces.
    • Gourmet kitchens include stainless steel appliances.
    • Units include attached garages with remote access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.60576087
    Latitude
    35.56791863

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    FAQs

    What type of property is this?
    Multifamily property - Six Units, Prime West Asheville Location
    Where is this multifamily property located?
    The property is located at 445 Sand Hill Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $2,295,000.
    What are key features of this property?
    This property features: Six-unit townhome portfolio in desirable West Asheville, NC, asking $2,295,000.; Prime West Asheville location, across from the Greenway, near shopping and Asheville Outlets.; Each unit features hardwood floors, vaulted ceilings, and gas fireplaces.
    (828) 424-1141
    Request Owner's contact information
    445 Sand Hill Rd Asheville, NC 28806
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    Asheville, NC 28806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    445 Sand Hill Rd Asheville, NC 28806
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