24 Ian River Drive, Asheville, NC 28806
$495,000
The West Asheville Equity-Play: Modern Cottage on 2.31 Scalable Acres The Rare "Buy & Hold" with Immediate Yield It is exceptionally rare to find a property that offers immediate high-performing cash flow paired with the long-term upside of a multi-unit development site. Located in the rapidly appreciating foothills of West Asheville, this 2.31-acre estate features a beautifully renovated 1-bedroom, 1-bathroom cottage that is fully turnkey. Whether you are looking for a high-performing short-term rental (STR), a chic primary residence with room to grow, or a proven long-term income producer, this property generates revenue the moment you close. The Cottage: Modern, Minimalist, & Move-In Ready Inside, the home defines "mountain modern" with bright, open-concept living, updated appliances, and crisp finishes that appeal to the discerning modern renter. The oversized deck serves as an outdoor living room, offering a front-row seat to long-range mountain sunsets and the profound quiet of the foothills—all while remaining minutes from the city's pulse. The Land: Your Development Canvas The true value lies in the expansive, mostly cleared, and gently rolling topography. Zoned for Low-Density Multifamily, the site is a developer’s dream or a homeowner’s private sanctuary. Scalability: Ample acreage to add additional dwellings, guest houses, or a private family compound. Infrastructure: Extensive parking for multiple vehicles or equipment, plus a large central storage shed perfect for a workshop or conversion. Topography: The "easy-build" gentle slope significantly reduces site-prep costs for future expansion. Location: The Best of Both Worlds Enjoy the "deep-woods" feel without the isolation. You are less than 10 minutes from the breweries, boutiques, and eclectic energy of Haywood Road, and under 15 minutes from the world-class culinary scene of Downtown Asheville. The Bottom Line This is a strategic acquisition for the buyer who understands the value of Cash Flow + Land Banking. Whether you’re an investor seeking an equity-rich development site or a homeowner looking for privacy with an income-producing "safety net," this property represents one of the smartest opportunities in the Western North Carolina market.
Listed By: Keller Williams Professionals
Status: Active
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