Property Details
24 Timothy Street
Asheville
$279,900
MLS Number: 4412352
Status: ACTIVE U
Description
Prime Development Potential in the Heart of Asheville, to help the housing shortage. Renovate, RENT OR FLIP!! Renovate and Build your Family Compound. Current regulations allow 2 units for the first 4000 SF and 1 additional unit for each extra 1000 SF of lot area. So, each lot could be 5,000+ square feet = total of 3 units. Just in time to celebrate the Significant WIN for Housing in the City of Asheville, that will allow duplexes in all residential zoning districts, Increase the size of ADU's. Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, his is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment. Why Investors Will Love This Opportunity The Value is there!! With great potential to Build More homes!! Maximum Density: Possibility of 1 Duplex per lot HVAC is 5 years old and is ready for the Heat, 220 Electrical Box. Buyers must verify with City planning on subdividing and what structures can be developed on each lot. Property IS Sold AS IS No Repairs by the Seller
Location |
|
|---|---|
| Address | 24 Timothy Street Asheville |
| Subdivision | None |
| County | Buncombe |
Overview |
|
| Bedrooms | 2 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Square Feet | 973 sqft |
| Lot Size | 0.27 acres |
| Year Built | 1928 |
General |
|
| List Price | $279,900 |
| MLS Number | 4412352 |
| Status | ACTIVE U |
| Office | Blueblaze Real Estate Group LLC |
Schools |
|
| Elementary | Isaac Dickson |
| Middle | Asheville |
| High | Asheville |
Features |
|
| Type | Single Family Residence |
| Parking | Driveway, On Street |
| Water/Sewer | City |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/03/26 4:34 am EST.
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. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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