**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,… Read More 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.
PROPERTY IS NOW VACANT AND NOT FURNISHED. Read Less
Courtesy of Mosaic Community Lifestyle Realty 828-707-9556
Electric Range, Refrigerator, Other equipment: Fuel Tank - Owned, Other - See Remarks
Basement
Apartment, Daylight, Storage Space
Building
Built in 1909, Living area: 1789, Levels: One, Construction Materials: Asbestos, Vinyl
Cooling
Window Unit(s)
Exterior Features
Patio/Porch Features: Covered, Patio, Side Porch
Floors
Concrete, Laminate, Linoleum, Vinyl
Foundation
Basement
Heating
Oil
Laundry
Common Area, In Basement
Lot
Infill Lot, Sloped, Wooded
Parking
6 open parking spaces, Other Parking: Street Parking, Driveway apron for 4 cars and drive down to apt has space for 2 ., Attached Carport, Driveway, On Street
Listings courtesy of Canopy MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. 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. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Christine Brodsky
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.