Charming Income-Producing Property in West Asheville: 76 Lanvale Ave
If you’re looking for a prime investment opportunity in the vibrant and eclectic neighborhood of West Asheville, look no further than 76 Lanvale Avenue. Listed at $799,000, this property offers not just one, but multiple income streams with its unique layout and highly desirable location.
Situated just footsteps away from the hip Haywood Street, residents can enjoy an array of dining, shopping, and entertainment options right at their doorstep. The property boasts off-street parking for over six cars, a rare find in this bustling area.
The main home is an iconic Asheville bungalow featuring two bedrooms and one bathroom. With its charming hardwood floors, covered front porch, and a modern HVAC system installed in 2018, it’s both cozy and comfortable. The private washer/dryer adds to the convenience for tenants.
Attached to the main house is a separate entrance in-law suite that operates as a standalone one-bedroom, one-bathroom home. This suite comes with a fenced yard perfect for pets or little ones, making it a versatile space for various tenant needs.
Nestled at the back of the property is a cute stone cottage that looks like it came straight out of a storybook. This private and cozy retreat includes one bedroom and one bathroom. Additionally, there is an attached large 220-square-foot unfinished room currently used for storage and housing a common washer/dryer for tenants. This space presents an exciting opportunity for potential expansion of the cottage.
The private driveway wraps around the main house leading to additional parking spaces and a carport on a cement foundation. With long-term renters already in place who are eager to renew their leases in May 2025, this property guarantees steady rental income averaging $38k annually.
Whether you’re looking to diversify your investment portfolio or find a charming home with rental potential, 76 Lanvale Avenue offers endless possibilities right in the heart of West Asheville. Don’t miss out on this incredible opportunity—welcome home! Watch the live video tour to get a closer look at this fantastic property.
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