Asheville is a “college town,” home to the University of North Carolina/Asheville (UNCA ,) and, as such, Asheville is a promising location for investment and/or second homes. Properties purchased with the idea that family member/students can live there will attending college serve a dual purpose.
Set in a North Asheville neighborhood, UNCA offers a welcoming campus with paths beneath tree-lined streets
leading to the various buildings, and to the quaint neighborhoods beyond, as you will note in the map of the campus.
Off-campus housing is a big plus for many students.
Some are first-time home buyers, but others possibly have convinced 1031 investors/ parents of the wisdom of investing in income-producing multi-family properties.
Here is a sampling of such properties all within 10 minutes of the UNCA campus:
Price Range: $200-$ 300K Available: 4
One of our favorites- an income producing downtown duplex with “up-close” city and mountain views has a great party deck sure to appeal to students.
Price Range: $300-$500K Available :6
One of our favorites- a restored four unit apartment building located within a 10 minute bike ride of campus with an excellent rental history, private gated parking, and serene gardens.
When it comes to investment properties close to UNCA, we can help. Call us.
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