Sold
Last Sold Price
4 beds2,926 sqft
104 McFalls Rd,Ā Asheville, NCĀ 28805
0.37 acresLot Size
2003Year Built
$163/sq ftPrice per sq ft
8 carsParking Spaces

Description

Buy this four-plex in East Asheville at a 7.4 cap rate! Consists of four one-bedroom/one-bath units in good shape, fully leased with strong rental history. There are 4 separate power meters for each unit for tenants to pay their own power.Buy this four-plex in East Asheville at a 7.4 cap rate! Consists of four one-bedroom/one-bath units in good shape, fully leased with strong rental history. There are 4 separate power meters for each unit for tenants to pay their own power.
Listing closed: 03/04/2022 12:00 AM • Source: CANOPY, MLS#: 3824272

Recent comparable sales

Median sold price

$585,000

Avg days on market

80

Sale-to-list ratio

87.0%

Asheville, NC

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Location

Listing Courtesy of Keller Williams Professionals

Sold By Carla & Company Real Estate Services

Add your commute

Payment Calculator

$2,667 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,467

Property Taxes

$200

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 104 McFalls Road

Property Details
  • MLS Type: Sale / Residential / Building / 5
  • Architectural Style: Traditional
  • Zoning Description: R-3
  • Parking Features: Driveway, Parking Space - 4+
  • Subdivision Name: None
Building Information
  • Year Built: 2003
  • Lot Size: 0.37 AC / 16,117 SF
Summary
Location and General Information
  • Longitude: -82.477818
  • Geocode Source: Manual
  • Latitude: 35.606268
  • Directions: From downtown Asheville take US 70 east to the VA hospital. Turn left onto Riceville Rd. In 1.6 miles turn right onto McFalls Rd. Follow around to the four-plex on the left.
  • Zoning NCM: R-3
Taxes and HOA Information
  • HOA Subject To: None
  • HOA Subject To Dues: No
  • Tax Assessed Value: $337,000.00
  • Parcel Number: 9669-63-4636-00000
School Information
  • Middle Or Junior School: AC Reynolds
  • High School: AC Reynolds
  • Elementary School: Bell
Parking
  • Parking: Total Spaces: 8.0
  • Garage Main Level YN: No
Property
Lot Information
  • Elevation: 2000
  • Structure Type: Apartments
  • Below Grade Finished Area: 0.0
  • Lot Features: Level
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • New Construction YN: No
  • Photos Count: 6
  • Road Responsibility: Private Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Permit Syndication: Yes
  • Plat Book Slide: 87/36
  • Proposed Special Assessment: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Water Softener System, Well
Interior and Exterior Features
Exterior Features
  • Porch: Back,Balcony,Deck
  • Property Features: Range/Oven,Refrigerator,W/D Connection
  • Exterior Features: Fire Pit
  • Construction Materials: Vinyl Siding
  • Road Surface Type: Gravel
Interior Features
  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Water Heater: Electric
  • Heating: Heat Pump
  • Laundry Features: In Kitchen
  • Fireplace YN: No
  • Flooring: Carpet, Vinyl
  • Foundation Details: Crawl Space
  • Doors Windows: g-Insulated Door(s),Insulated Windows
Multi Family
Multi-Family Information
  • Unit Count: 4
  • Number Of Units Total: 4
Unit 1
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 1
  • SqFt Total: 730
  • Unit Rooms: Kitchen,Living Room
Unit 2
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 1
  • SqFt Total: 730
  • Unit Rooms: Kitchen,Living Room
Unit 3
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 1
  • SqFt Total: 730
  • Unit Rooms: Kitchen,Living Room
Unit 4
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 1
  • SqFt Total: 730
  • Unit Rooms: Kitchen,Living Room
Rental
Rent Information
  • Tenant Pays: Cable TV, Electric Heat, Electricity
  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Sewer, Water
  • Pets Allowed: Conditional

Property History for 104 McFalls Road

DateEvent & SourcePriceAppreciation
Mar 4, 2022

Closed (Public Record)

Public Record #1484730252

$477,500—
Mar 4, 2022

Closed

CANOPY #3824272

$477,500—
Feb 3, 2022

Under Contract-No Show

CANOPY #3824272

—
DateEvent & SourcePrice
03/04/2022

Closed (Public Record)

Public Record #1484730252

$477,500
03/04/2022

Closed

CANOPY #3824272

$477,500
02/03/2022

Under Contract-No Show

CANOPY #3824272

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 104 McFalls Road

Taxable ValueLand-Additions-Total-
Tax Record2025$2,401 ($200 / month)
Home Facts
Total Finished SqFt3,138 SqFtAbove Grade Finished SqFt3,138 SqFtStories2Lot Size16,117 SqFtStyleMulti-Family Res (5+ Units)Year Built2003ZoningDEED DATE: 20CountyBUNCOMBEAPN9669-63-4636-00000

Schools near 104 McFalls Road

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Charles C Bell Elementary
PublicPK to 5

A C Reynolds Middle
Public6 to 8

A C Reynolds High
Public9 to 12

Community High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 104 McFalls Road, Asheville, NC 28805
$477,500
4
2,926
16,117
$437,500
3
1,876
10,890
–
–
–
–
5,663
–
–
2
1,344
57,499
$338,000
3
1,030
17,859
$273,500
3
1,296
79,714

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Professionals

Based on information submitted to the MLS GRID as of 05/18/2022 06:07 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.