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Toms Hill Park
1/32
$1.1M

$1,145,000

Sold: $1,150,000

500 W Allen Street

Hendersonville, NC 28739

24Beds
23Baths
11,915Sq Ft
1989Built

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.

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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
Bedrooms:
24
Bathrooms:
23
Living Area:
11,915 SqFt
Total Area:
11,915 SqFt
Sub-Type:
Apartment
Schools
Elementary:
Bruce Drysdale
Middle:
Hendersonville
High:
Hendersonville
School assignments may change. Contact the school district to confirm.

Features & Amenities

Location & Map

Address

500 W Allen Street, Hendersonville, NC 28739

Community

Toms Hill Park

Map View

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Additional Information

Utilities

Sewer
  • Public Sewer
Utilities
  • Cable Available
Water Source
  • City

Lot And Land

Lot Size
1.88
Lot Features
  • Cleared
  • Level
  • Sloped
  • Wooded
Lot Size Units
Acres

Agent Contacts

Listing Agent
Listing agent: Kristi Brannon (828-696-2173)
Listing Office
Listing provided courtesy of: Two Trails LLC (828-696-2173)
Request Showing
  • Palmetto Park Realty Team Fort Mill: 803.548.6123
Source Identification
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record. Learn more.

Interior Details

Heating
  • Wall Furnace
Flooring
  • Tile
Room Count
0
Sq Ft Other
0
Exclusions
Window A C Units belong to Tenants
Sq Ft Garage
0
Half Bathrooms
2
Laundry Features
  • Other - See Remarks
Main Level Garage Y N
0
Sq Ft Unheated Basement
0

Exterior Features

Roof
  • Shingle
  • Metal
  • Other - See Remarks
Exterior Features
  • Storage
Construction Materials
  • Vinyl
  • Wood
Patio And Porch Features
  • Covered
  • Deck
  • Front Porch

Multi Unit Details

Total Number Of Units
22

Parking And Garage

Open Parking
true
Parking Features
  • Parking Space(s)
Open Parking Spaces
4
Total Parking Spaces
22

Waterfront And View

View
  • City
Waterfront Features
  • None

Financial Information

City Taxes Paid To
Henderson
H O A Subject To Dues
No

Basement And Foundation

Foundation Details
  • Crawl Space
  • Slab

Zoning And Restrictions

Zoning Specification
R-6

Square Footage And Levels

Below Grade Finished Area
0

Additional C A R Information

Assumable
No
C C R Subject To
No
Owner Agent Y N
0
Deed Reference
  • 1490-701
Plat Book Slide
B 211 A
Attribution Name
Kristi Brannon
Construction Type
Site Built
Attribution Contact
Mls Major Change Type
Closed
Attribution Type Listing
List Agent Email
Syndicate Participation
Participant Options
Canopy MLS

IDX information is provided exclusively for consumers' personal, non-commercial use only; it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS GRID. Use of this site may be subject to an end user license agreement. Based on information submitted to the MLS GRID as of Sun, May 2, 2021. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Any use by you of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. DMCA Notice: Palmetto Park Realty respects the intellectual property rights of others. If you believe that your work has been copied in a way that constitutes copyright infringement, please provide our designated agent with written notice containing the following information: (1) identification of the copyrighted work claimed to have been infringed; (2) identification of the material that is claimed to be infringing; (3) your contact information; (4) a statement that you have a good faith belief that use of the material is not authorized; and (5) a statement that the information in the notification is accurate and you are authorized to act on behalf of the copyright owner. Please send DMCA notices to: [email protected]

$1,145,000 - 24 Bed, 23 Bath Home - 500 W Allen Street, Hendersonville, NC 28739 | Palmetto Park Realty