Description
Asheville Investment Portfolio Opportunity – Tenant-Occupied Rental Properties with Immediate Income! Rare opportunity to acquire income-producing investment properties in Asheville with established tenants and immediate rental potential. This portfolio is ideal for both first-time investors looking to purchase their first rental property and experienced investors seeking to expand their real estate portfolio with additional Asheville assets. Featuring tenant-occupied rental properties, including 214 Short Michigan Avenue and 40 Mulberry Street, this opportunity provides the advantage of existing rental income and a streamlined transition for the next owner. These properties are conveniently located near one another, offering an excellent opportunity for investors looking for easier property management and strategic portfolio growth. Located near downtown Asheville, restaurants, breweries, shopping, entertainment, and major amenities, these properties benefit from strong rental demand in one of Western North Carolina’s most desirable real estate markets. Whether you’re searching for an Asheville investment property, rental property, income-producing real estate, long-term rental opportunity, cash-flow investment, or portfolio acquisition, this opportunity offers flexibility and long-term potential. properties may be purchased individually or together, allowing buyers to customize their investment strategy. Please see individual MLS listings for additional details on each property. Opportunities to acquire tenant-occupied Asheville rental properties with portfolio flexibility are limited. Schedule your private showing today and explore this unique investment opportunity.
Address
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Address: 214 Short Michigan Avenue
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City: Asheville
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State/county: NC
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Zip/Postal Code: 28806
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Area: Sky Harbor
Details
Updated on July 20, 2026 at 3:59 pm-
Property ID 4405564
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Price $975,000
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Property Size 3124 m²
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Bedrooms 8
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Bathrooms 5
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Year Built 2003
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Property Type Portfolio, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional
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Sewer Public Sewer
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Cooling Ceiling Fan(s), Central Air, Electric, Heat Pump
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Heating Central, Forced Air, Heat Pump
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County Buncombe
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Property Type Residential Income
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Parking Driveway
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Elementary School Unspecified
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Middle School Asheville
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High School Asheville
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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