1 Camby Street
Asheville, NC 28801
Est. $2,127/mo — See my rate
$413/Sq Ft
3 bd · 1 ba · 896 sqft · $413/sqft
About This Home
RE: Investment Opportunity – Multi-Strategy Residential Asset at 1 Camby St, Asheville, NC
I am pleased to present an exceptional residential investment or forever home opportunity located at 1 Camby St, Asheville, NC 28801. Priced at $370,000 following a recent $10,000 price improvement, this property offers a rare combination of immediate cash-flow potential and significant development upside in a highly desirable, walkable urban corridor. Strategies to maximize return on investment:
(1) Update the Cottage. cosmetic upgrades (paint, new floors, kitchen cabinets, and modern light fixtures). Use the large backyard to build an Accessory Dwelling Unit (ADU) above a garage. Rent the main house and the ADU, creating massive equity and cash flow.
(2) Subdivide and Sell Subdivide the lot to sell as a separate building parcel. Sell the vacant lot. Renovate the existing home and flip.
(3) Renovate and Sell Add a bathroom, open the kitchen, and install a modern deck facing the large private backyard. Clear the sloped portions of the lot and add a modern fire pit area to maximize the urban lot appeal. Sell the fully updated 2-bed, 2-bath home.
(4) Move in and enjoy the large private yard and short distances to River Arts district, Downtown Asheville. The adjoining lot listed for sale MLS 4233414
Property Details
Interior Details
- Heating
- Heat Pump
- Sqftmain
- 896
- Roomcount
- 8
- Sqftlower
- 0
- Sqftthird
- 0
- Sqftupper
- 0
- Exclusions
- Washer & Dryer
- Bedroommain
- 3
- Fullbathmain
- 1
- Halfbathmain
- 0
- Half Bathrooms
- 0
- Total Bathrooms
- 1
- Laundry Features
- Electric Dryer Hookup
- Washer Hookup
- Mainlevelgarageyn
- 0
- Sqftunheatedtotal
- 0
- Sqfttotalpropertyhla
- 896
Dwelling And Structure
- Architectural Style
- Ranch
Square Footage And Levels
- Levels
- One
- Above Grade Finished Area
- 896
- Below Grade Finished Area
- 0
Parking And Garage
- Parking Features
- Driveway
Exterior Features
- Exterior Features
- Fire Pit
- Storage
- Construction Materials
- Hardboard Siding
- Wood
Lot And Land
- Lot Features
- Cleared
- Level
- Sloped
- Lot Size Acres
- 0.43
- Lot Size Units
- Acres
- Other Structures
- Shed(s)
Basement And Foundation
- Foundation Details
- Crawl Space
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Asheville
Zoning And Restrictions
- Zoningspecification
- R S8
Listed by Mike Gragg (828-273-1696) · Fathom Realty NC LLC (888-455-6040)
Location
- Address
- 1 Camby Street
- City
- Asheville, NC 28801
- Community
- E Riverside Urban Renewal Area
Schools
- Elementary
- Claxton
- Middle
- Asheville
- High
- Asheville
School assignments may change. Contact the school district to confirm.
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