119 Fairfax Avenue, Asheville, NC 28806
- $279,000
- 4
- BD
- 1,789
- SqFt
Listing courtesy of Mosaic Community Lifestyle Realty. Joseph@mymosaicrealty.com
- List Price
- $279,000
- MLS#
- 4424832
- Status
- ACTIVE
- Days on Market
- 0
- Property Type
- Residential Income
- Architectural Style
- Bungalow
- Year Built
- 1909
- Bedrooms
- 4
- Full Baths
- 2
- Lot Size
- 10,018
- Lot Size Area
- 0.23
- Living Area
- 1,789
- Sq Ft Total
- 1789
- County
- Buncombe
- Subdivision
- Galax Park
- Special Conditions
- None
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.
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Additional Information
- Floor Coverings
- Concrete, Laminate, Linoleum, Vinyl
- Equipment
- Electric Range, Refrigerator
- Foundation
- Basement
- Laundry Location
- Common Area, In Basement
- Heating
- Oil
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Asbestos, Vinyl
- Roof
- Composition
- Parking
- Driveway, On Street, Parking Space(s)
- Driveway
- Concrete, Dirt, Gravel, Paved
- Lot Description
- Infill Lot, Sloped, Wooded
- Elementary School
- Lucy S. Herring
- Middle School
- Asheville
- High School
- Asheville
- Zoning
- RM8
- Total Property HLA
- 1789
Mortgage Calculator
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