Brenda Priddy Broker/Realtor
BEDS4
BATHS2 full
SQUARE FEET1,789
MLS#4424832
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGalax Park
Property Description
**Prime West Asheville Location + Income & Development Potential!**Welcome to 119 Fairfax, ideally located just off Haywood Road in the heart of **West Asheville and just minutes from Downtown Asheville**. This classic early-1900s duplex sits on an **oversized RM-8 zoned lot**, offering a rare combination of location, rental income potential, renovation opportunity, and future development possibilities.The existing duplex offers two potential income-producing units. The upper level features a spacious **3-bedroom, 1-bath layout ready for remodeling**, while the lower-level **1-bedroom, 1-bath unit has been recently renovated** and is move-in ready, with a recent lease at **$1,250/month**per apartment.There are multiple ways to envision this property. **Update and renovate the existing duplex**, creating an attractive income-producing property in one of Asheville's most desirable areas?or explore the potential to **redevelop the property entirely**, taking advantage of the large lot and RM-8 zoning. Depending on applicable zoning requirements, site conditions, access, setbacks, parking, and City approvals, the property may offer potential for **additional residential development or more than one structure**.For an investor, the existing duplex provides an opportunity to generate rental income while evaluating future options. For a developer, the **oversized RM-8 lot in such a close-in West Asheville location** presents an opportunity worth exploring.Enjoy being just minutes from **Haywood Road, West Asheville's restaurants, breweries, shops, and entertainment, as well as Downtown Asheville**. Properties offering this combination of location, lot size, existing income potential, and development possibilities are increasingly difficult to find.**Renovate it. Reimagine it. Redevelop it. The possibilities at 119 Fairfax are worth exploring.** Buyers should independently verify all zoning, density, development, access, parking, and building possibilities with the City of Asheville.To see photos of when it was occupied see Residential multi unit number 4365834 withdrawn.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Apartment, Daylight, Storage Space
Heating: Oil
Home Style: Bungalow
Lot Size: 0.23 Acres
Roof Type: Composition
Year Built: 1909
Feature Descriptions
Appliances: Electric Range, Refrigerator
Days on Site: 1
Exterior: Asbestos, Vinyl
Flooring: Concrete, Laminate, Linoleum, Vinyl
Foundation: Basement
Laundry: Common Area, In Basement
Lot: Infill Lot, Sloped, Wooded
Other Equipment: Fuel Tank - Owned
Other Parking: Can fit 4 in Parkig aprom and 2 in drive way to basement apartment.
Parcel#: 9638-22-1819-00000
Parking: Driveway, On Street, Parking Space(s)
Patio/Porch: Covered, Front Porch, Patio
Pets Allowed: Yes
Sewer: Public Sewer
Units: 2
Utilities: Cable Available, Electricity Connected
Water: City
Local Schools
High School: Asheville
Middle School: Asheville
Elementary School: Lucy S. Herring
Listed By / Shown By
Listed By
Agency Name: Mosaic Community Lifestyle Realty
Agency Contact: Joseph@mymosaicrealty.com
Shown By
Agent Name: Brenda Priddy BROKER/ REALTOR
Agent Phone: (704) 770-7121
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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119 Fairfax Avenue | MLS# 4424832
This multi-family property located at 119 Fairfax Avenue , Asheville, NC 28806 is currently listed for sale with an asking price of call for price. Search Asheville real estate on brendap.lakenormanrealty.com today.