This land is in an ideal location for any developer's needs in Asheville. Even though it is zoned RM-16 (32 units or more). The sewer lines require considerable upgrading along with an easement from the City. MSD estimates and a feasibility study are available. The combined costs of sewer and land still come to $12,000 per unit for multi family (with minimum approved 32 units). 6" water lines and underground utilities are available along the paved frontage. The City and MSD are very supportive of affordable housing projects-and this property meets all mandates. Another option for builders that just want to use septic: This could be a very profitable eco-village with room for 4-5 single family or multifamily town homes. The potential gross income could be based on 6 occupants per 3 bedroom multi-family town home.
Level, Open/Cleared, Rolling, Sloping
|Price Reduced from $249,900 to $185,000|
Keller Williams Elite Realty.
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Listing information last updated on May 27th, 2019 at 5:58am CDT.