Asheville · Asheville, NC
8 Units - 615 Biltmore Avenue
Asheville, NC · 625 sqft
$1,850,000
- 1Beds
- 1Baths
- 625SqFt
- 1949Year
- 2Days on market
About this home
Rare 8-unit investment opportunity in the sought-after Beverly Condominiums. This portfolio includes six 1BR/1BA units and two 2BR/2BA units, offering a strong unit mix for consistent rental demand. Ideally located with excellent walkability to shopping, dining, and Mission Hospital, and just minutes to downtown Asheville and Biltmore Village. The community is quiet and well-maintained, appealing to long-term tenants seeking a peaceful residential setting. Each unit offers a low-maintenance, lock-and-go lifestyle, making ownership streamlined and efficient. A compelling opportunity to acquire scale in a proven Asheville location with enduring rental appeal. Rental history available upon request.
Property details
- Beds
- 1
- Baths
- 1
- SqFt
- 625
- Lot
- —
- Year built
- 1949
- Type
- Condo
- Days on market
- 2
- Style
- Arts and Crafts, Old World, Traditional
- Heating
- Forced Air
- Cooling
- Central Air
- Foundation
- Crawl Space
- Flooring
- Wood
- HOA dues
- $2,690 / yr
Features
- Lawn Maintenance
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$13,840/ month
- Principal & interest
- $11,457
- Property tax (~1.05%)
- $1,618
- Homeowners insurance
- $539
- HOA dues
- $224
Down payment
$92,500 down · $1,757,500 financed
Income to qualify (28% rule)
~$593,146 / 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.