




$1,145,000
500 W Allen Street
Hendersonville, NC 28739
About This Property
This Property Has Been Sold
This property sold 5 years ago and is no longer available for purchase.
View active listings in Toms Hill Park →Excellent investment opportunity in downtown Hendersonville with a 10% cap rate that could easily be increased with current market rent. This unique property comprises 5 buildings consisting of 22 apartments and a storage unit that could be converted into an additional rental. A total of 13 lots compose the 1.
88 (+/-) acres with lot 50 & 60 vacant. CASH COW with 100% occupancy for 9+ years with majority long-term tenants. This property is located within a quarter mile from Main Street making it comfortably walkable to restaurants, shopping, breweries, bus stops and grocery stores.
Ideal rental for those that don't have vehicles. Property features include ceramic tile floors throughout units for easy maintenance, wooden cabinetry, laminate countertops, exterior decking, newer refrigerators and ovens and off-street parking. Please refer to attached property overview for apartment unit details.
CAR MLS # 69703708
Quick Facts
Time on Site
5 years ago
Property Type
ResidentialIncome
Year Built
1989
Lot Size
1.88 acres
Price/Sq.Ft.
$96
Property Details
Schools
Features & Amenities
Location & Map
Map View
Loading map...
Additional Information
Utilities
- Public Sewer
- Cable Available
- City
Lot And Land
- Cleared
- Level
- Sloped
- Wooded
Agent Contacts
- Palmetto Park Realty Team Fort Mill: 803.548.6123
Interior Details
- Wall Furnace
- Tile
- Other - See Remarks
Exterior Features
- Shingle
- Metal
- Other - See Remarks
- Storage
- Vinyl
- Wood
- Covered
- Deck
- Front Porch
Multi Unit Details
Parking And Garage
- Parking Space(s)
Waterfront And View
- City
- None
Financial Information
Basement And Foundation
- Crawl Space
- Slab
Zoning And Restrictions
Square Footage And Levels
Additional C A R Information
- 1490-701
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