Rare offering just one mile from downtown Hendersonville-this exceptional 16-unit multifamily complex presents an outstanding investment opportunity combining location, quality construction, and long-term stability. Built and meticulously maintained by the original owner/developer, the property reflects pride of ownership and consistent care throughout. Consisting of two well-designed buildings, each thoughtfully constructed for functionality and ease of management, the complex features sixteen 2-bedroom, 1.5-bathroom units that provide comfortable living spaces ideal for long-term tenants. Each unit offers spacious interiors, well-equipped kitchens, and private outdoor areas, creating a desirable residential experience in a highly convenient setting. The property is fully connected to city water and city sewer and provides ample parking for residents and guests. Its prime location-just one mile to downtown Hendersonville's vibrant shops, restaurants, and amenities-enhances tenant appeal and ensures continued demand. With consistent occupancy, low turnover, and a strong rental history, this is a truly turnkey investment opportunity in one of Western North Carolina's most desirable and stable markets. The owner's commitment to proactive maintenance and long-term quality is evident in every detail, making this a solid, income-producing property ready for its next chapter. Rarely do opportunities of this caliber-offering strong fundamentals, excellent parking, city utilities, and close proximity to downtown-come available. This 16-unit complex represents a legacy asset in a thriving market, ideal for investors seeking a high-quality, well-located multifamily holding in Hendersonville.
Property Features
Bedrooms
Appliances
- Dishwasher
- Electric Cooktop
- Electric Oven
- Laundry Facilities: In Unit
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Heat Pump
Bathrooms
- Full Bathrooms: 16
- 1/2 Bathrooms: 32
Land Info
- Additional Parcels: No
- Lot Size Acres: 1.24
- Lot Size Square Feet: 54014
Exterior and Lot Features
- Patio And Porch Features: Balcony, Covered, Deck, Front Porch
- Road Responsibility: Private Maintained Road
- Road Surface Type: Asphalt, Paved
- Porch: Yes
- Deck: Yes
Garage and Parking
- Off Street Parking: 24
- Open Parking Spaces: 24
- Open Parking: Yes
- Parking Features: Assigned, Parking Lot, Parking Space(s)
- Parking Total: 24
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Pets Allowed: Yes
School Information
- Elementary School: Bruce Drysdale
- High School: Hendersonville
- Middle School: Hendersonville
Multi-Unit Info
- Number of Units: 16
- Bedrooms in Unit-1: 2
- Total Bathrooms in Unit-1: 2
- Full Bathrooms in Unit-1: 1
- Half Bathrooms in Unit-1: 1
- Unit-1 Square Feet: 963
- Unit 1 Total Actual Rent: 900
Rental Info
Other Property Info
- Source Listing Status: Active
- County: Henderson
- Source Property Type: Residential Income
- Source Neighborhood: Felix Lake
- Owner Pays: Sewer, Trash Collection, Water
- Parcel Number: 116153
- Subdivision: Felix Lake
- Zoning Description: R-15
- Property Subtype: Apartment
Building and Construction
- Year Built: 1981
- Above Grade Finished Area: 15408
- BelowGradeFinishedArea: 0
- Building Area Total: 15408
- Building Exterior Type: Brick Partial, Vinyl
- Construction Materials: Brick Partial, Vinyl
- Foundation Details: Slab
- Property Age: 44
- Roof: Architectural Shingle
- Levels or Stories: 2
- Structure Type: Site Built
- Total Above Grade Sqft Area: 15408
Utilities
- Sewer: Public Sewer
- Water Source: City