119 Fairfax Avenue, Asheville, NC 28806
- $279,000
- 4
- BD
- 2
- BA
- 1,176
- SqFt
Listing courtesy of Mosaic Community Lifestyle Realty. Joseph@mymosaicrealty.com
- List Price
- $279,000
- Status
- ACTIVE UNDER CONTRACT
- MLS
- 4424774
- Beds
- 4
- Baths
- 2
- Full Baths
- 2
- Style
- Bungalow
- County
- Buncombe
- Neighborhood
- Galax Park
- Type
- Single Family Residential
- Year Built
- 1909
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. PROPERTY IS NOW VACANT AND NOT FURNISHED.
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Additional Information
- Subtype
- Residential
- Status
- ACTIVE UNDER CONTRACT
- Lot Description
- Infill Lot, Sloped, Wooded
- Living Area
- 1,176
- Neighborhood
- Galax Park
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Zoning
- RM8
- Directions
- From DT West Asheville take Haywood Rd to Fairfax Ave turn and drive to 119 Fairfax. See the Mosaic Realty Sign.
- Style
- Bungalow
- Roof
- Composition
- Foundation
- Basement
- Floors
- Concrete, Laminate, Linoleum, Vinyl
- Water
- City
- Sewer
- Public Sewer
- Appliances
- Electric Range, Refrigerator
- Basement
- Yes
- Driveway
- Concrete, Dirt, Paved
- Cooling
- Window Unit(s)
- Water
- City
- Sewer
- Public Sewer
- Foundation
- Basement
- Roof
- Composition
Mortgage Calculator
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