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John KurtzCharlotte · NC

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Asheville · Asheville, NC

55 S Market Street #213

Asheville, NC · 782 sqft

$475,000

Reduced from $500,000

  • 1Beds
  • 1Baths
  • 782SqFt
  • 2019Year
  • 22Days on market

About this home

Welcome to 55 South Market Street, a turnkey downtown Asheville condo designed for both effortless ownership and strong short-term rental appeal. This beautifully appointed condo is offered fully furnished and truly move-in ready, complete with all kitchen essentials, linens, and soft goods. Not a single detail has been overlooked! With over 200 five-star reviews already in hand, this property arrives with a proven track record. The seller is committed to a seamless transition, offering to help the new owner reactivate the listing and share operational know-how so you can smoothly transition from purchase to jump-starting your rental income. You'll find the unit is comfortable and inviting from the moment you step in the door. The art, decor, and furnishings invite you to relax and sink into the space. A pullout couch offers flexibility for additional guests if needed. Residents and guests enjoy access to an impressive array of common amenities including a large community kitchen and dining area, inviting outdoor seating, and grilling spaces perfect for entertaining, while secure parking provides convenient, worry-free access to your home base in the heart of it all. Step outside and find yourself immersed in everything that makes Asheville one of the most beloved cities in the Southeast, including world-class dining, live music, boutique shopping, art galleries, and the energy of a thriving downtown scene, all just steps from your front door. Whether you’re seeking a personal retreat, a high-performing short-term rental, or both, this is the rare opportunity that checks every box. See attachments for pro forma showing a projected cap rate of 8% after expenses and management fees, and the many positive reviews that this unit has received as an STR!

Property details

Beds
1
Baths
1
SqFt
782
Lot
Year built
2019
Type
Condo
Days on market
22
Style
Contemporary
Heating
Central
Cooling
Central Air
Foundation
Slab
HOA dues
$374 / mo

Features

  • Elevator

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance, HOA

$3,869/ month

Principal & interest
$2,941
Property tax (~1.05%)
$415
Homeowners insurance
$138
HOA dues
$374

Down payment

$23,750 down · $451,250 financed

Income to qualify (28% rule)

~$165,856 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.