Brevard · Brevard, NC
565 Neely Road
Brevard, NC · 1,143 sqft
$530,000
Reduced from $560,000
- 5Beds
- 3Baths
- 1,143SqFt
- 1946Year
- 950Days on market
About this home
Rare Find in Brevard! PRICED TO SELL! Owner financing might be available short term! Call for details! This unique property includes a 3-bedroom home plus 2 additional apartments on an oversized .89-acre city lot. Conveniently located directly across from College Walk, this property offers great investment potential. Features: 3BR main home with character and updates (newer roof and paint) Two apartments with month-to-month tenants (income potential!) Unfinished storage areas below apartments totaling 883 sq. ft. Oversized city lot – potential for additional structures (with City approval) Important Notes: Property is a non-conforming, pre-existing use since zoning is residential (not multi-family). Please consult with the City of Brevard regarding any changes, permitting, or redevelopment plans. Heated Living Area (HLA) is based on the home and one apartment: Apt #1: Ceiling height 6’9”–6’10” (346 sq. ft. not included in HLA). Apt #2: 175 sq. ft. not included in HLA. Showings: House and apartments available by appointment. 48-hour notice required to show apartments. This property is perfect for investors, multi-generational living, or those seeking rental income in the heart of Brevard! Also listed as multi-family MLS#3937381
Property details
- Beds
- 5
- Baths
- 3
- SqFt
- 1,143
- Lot
- —
- Year built
- 1946
- Type
- Single Family
- Days on market
- 950
- Style
- Other
- Heating
- Ductless, Floor Furnace, Heat Pump, Natural Gas
- Cooling
- Ceiling Fan(s), Heat Pump, Window Unit(s)
- Foundation
- Basement
- Flooring
- Carpet, Laminate, Linoleum, Vinyl, Wood
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,900/ month
- Principal & interest
- $3,282
- Property tax (~1.05%)
- $463
- Homeowners insurance
- $154
- HOA dues
- —
Down payment
$26,500 down · $503,500 financed
Income to qualify (28% rule)
~$167,175 / 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.