Photo 1 of 15
$1,550,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 16 |
8.80 |
8,148 |
0 |
1965 |
|
On the market:
35 days
|
View full details, photos, school info, and price history
Exceptional 8-unit complex in the heart of the Village of Flat Rock, NC, offering investors a rare turnkey opportunity with over $200,000 in recent upgrades. The property includes 6 two-level townhome-style units and 2 one-level units, ideally located just minutes from Hendersonville’s shops, dining, and cultural attractions. Major updates include brand-new roofs on both buildings, fresh exterior paint, new sidewalks, encapsulated crawlspaces with dehumidifiers and the complete top-to-bottom remodel of one unit showcasing the potential for additional renovations. With current rents below market rates, a new owner has a clear opportunity to increase revenue while benefiting from the security of extensive capital improvements already completed. A detailed list of additional updates—including structural repairs, drainage work, and system replacements—is available for review. Zoned to allow condominium conversion into individual tax ID units or continued operation as a rental investment, this property offers multiple exit strategies, immediate income potential, and long-term growth in one of Western North Carolina’s most desirable and historic communities.
Listing courtesy of Noah George, George Real Estate Group Inc