What if your next home could help pay for itself? This versatile property offers a 3BR/2BA main residence plus a separate but connected 2BR/1BA second living quarters, creating a rare opportunity for rental income, multi-generational living or a smart investment from day one. The sellers have operated the property as a successful rental for the past four years, grossing approximately $4,400/month. Outside Asheville city limits with Open Use zoning, the 2nd living quarters offers short-term rental potential, while the generous 0.93-acre lot may even provide room to explore adding another unit in the future. The home has been recently refreshed with interior and exterior paint, refinished hardwood floors, new laminate flooring in the kitchen and lower level, and an HVAC system that's less than four years old. A garage, fully fenced front yard and separate fenced yard for the 2nd living quarters add even more practicality. Conveniently located near the VA Medical Center, hiking trails and Asheville amenities, with USDA financing potentially available. Live in one, rent the other or put the whole property to work. Either way, this one earns its keep!
| MLS # | 4419918 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 8 |
| Listing Provided By | Mosaic Community Lifestyle Realty | Alyssa Augustine |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,972 |
| Garage | 1 |
| Basement | Y |
| Acreage | 0.93 |
| Cooling | Ceiling Fan(s), Central Air, Ductless, Heat Pump |
|---|---|
| Heating | Central, Ductless, Heat Pump |
| Appliances | Dishwasher, Electric Range, Refrigerator, Washer/Dryer |
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Brick Partial, Other - See Remarks |
| Foundation Details | Basement, Slab |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway, Attached Garage |
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 500200 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28805 |
| Area | Buncombe |
| Community Name | Riceville Forest |
| School District | AC Reynolds |
| Elementary School | Charles C Bell |
| High School | AC Reynolds |
| Listing VS Median (in Riceville Forest) | |
Price: $579,000 low | high Med: $552,000 sqft: 1,972 low | high Med: 1,770 $ / sqft: $294 low | high Med: $314 On site: 8 low | high Med: 26 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28805 |
| Area | Buncombe |
| Community Name | Riceville Forest |
| School District | AC Reynolds |
| Elementary School | Charles C Bell |
| High School | AC Reynolds |
| Listing VS Median (in Riceville Forest) | |
Price: $579,000 low | high Med: $552,000 sqft: 1,972 low | high Med: 1,770 $ / sqft: $294 low | high Med: $314 On site: 8 low | high Med: 26 | |
![]() | $550,00020 Reed RoadAsheville, NC 28805 |