24 Ian River DR Asheville, NC 28806
1 Bed
1 Bath
588 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 588 sqft
Price per Sqft $841
MLS Listing ID 4316888
Style Cottage
Bedrooms 1
Full Baths 1
Abv Grd Liv Area 588
Year Built 1980
Lot Size 2.310 Acres
Acres 2.31
Property Sub-Type Single Family Residence
Property Description
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.
Location
State NC
County Buncombe
Zoning RM6
Rooms
Primary Bedroom Level Main
Main Level Bedrooms 1
Main Level Primary Bedroom
Main Level Kitchen
Main Level Living Room
Main Level Bathroom-Full
Interior
Heating Heat Pump
Cooling Central Air
Flooring Wood
Fireplace false
Appliance Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
Laundry In Kitchen, Main Level
Exterior
Street Surface Gravel,Other
Porch Side Porch
Garage false
Building
Lot Description Cleared, Level
Dwelling Type Site Built
Foundation Crawl Space
Sewer Septic Installed
Water Shared Well
Architectural Style Cottage
Level or Stories One
Structure Type Vinyl
New Construction false
Schools
Elementary Schools Sand Hill-Venable/Enka
Middle Schools Enka
High Schools Enka
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Undisclosed
Nearby Locations