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Post50 People, Investment Properties, Trends - Asheville-Style


Asheville Real Estate Journal
 
Recently a number of Asheville  REALTORS ® got together to talk about a wide range of subjects: Trends, client investment strategies, land, conservation and issues that come up during "deal evaluation". And we stirred up quite a conversation on the potential impact of (un)retiring “boomers”  on the marketplace. Was this all part of the "use change" process? We could picture how this might look... .
 

Examples: A pocket neighborhood... or maybe small apartment building  converted for Aging-in-Place – that Golden Girls concept. How about that?!!  There might be some challenges, for sure-  a single electric meter and A/C units shared by several apartments. But the purchase price would leave room for universal design improvements. 
And, 1031 investors could be in it for a good number.
How about the notion of  a single family house on a large lot zoned for multiple units. Good potential?  We talked about the "value" of the "dirt." Even though the land could carry 10 units, the purchase price of $875,000.00 seemed too high. The average condo in that particular area sells for $275,000.00 to $300,000.00. It was determined that the cost of the dirt can't exceed ... more

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