This land is in an ideal location for builders and investors interested in Asheville's affordable housing, eco-village and community living projects for rent or sale. Zoned for multi-family, one could build 4-5 triplexes or fourplexes on septic. City water (6" line) and underground utilities are available along the frontage. There are also sewer lines nearby. MSD estimates for sewer connectivity are attached, and a feasibility study is available. The combined costs of sewer upgrades and land total $12,000 per unit (based on the minimum allowed zoning of 32 units). The City and MSD are very supportive of affordable housing projects-and this property meets all mandates. Recap, you have two options: Build one multi-plex at a time on a shared septic with lower start-up costs and excellent returns, or upgrade the sewer lines for higher density with higher costs up front.
City Sewer, Electricity, Cable, Telephone, Underground
|Price Reduced from $249,900 to $185,000|
Keller Williams Elite Realty.
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Listing information last updated on July 15th, 2019 at 12:58pm CDT.