$2,550,000 288 Montford Avenue Asheville, NC

MLS: 3284220   Type: Commercial   County: Buncombe   City: Asheville   Area: Buncombe County   Zip: 28801   Style: Bed/Breakfast     Stories: 2

Mortgage $11,972 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

5,500

0.75

1900

Surrounded by lush lawns, beautiful gardens, ponds - designed and built by resident architect of Biltmore House, Richard Sharp Smith in 1899 - this enchanting property captures the imagination with its shingled, half-timbered, and pebble-dashed exterior. Hailed as 'Asheville's Finest Boutique Inn' - by Sunday London Times, the profitable Black Walnut Bed and Breakfast Inn, with international accolades, boasts an 8.6% CAP RATE. Beautifully updated - the main home features exemplary craftsmanship, six en-suite bedrooms, eight fireplaces, chef's kitchen, and pristine original detail. Fully renovated and updated carriage house features two en-suite bedrooms each with fireplace and private outdoor space on main level. The upper level, one-bedroom unit is complete with kitchen, living area with fireplace, and outdoor terrace. Incredible furnishings, luxurious appointments, positive cash-flow, and vibrant, walkable, in-town neighborhood location make this turn-key property a great investment.

Elementary School

Middle School

High School

Click Here
Distance: N/A Miles
Click Here
Distance: N/A Miles
Click Here
Distance: N/A Miles

Price History

1/17/2018 Listed $2,550,000

Builder SMITH
Construction Status Complete
Easement Electric, Gas, Sewer, Water
Misc. Fire/Smoke Alarm, Reception Area, Security System
Number Of Rentals Total 8
Number Of Units Buildings 2
Property Sub Type Bed/Breakfast
Publically Maintained Road 0
Restrictions Historical
Status Active
Utilities Commercial Cable, City Sewer, City Water, Electricity, Gas, Telephone
Zoning Multiple Use

Interior Features

Commercial Cooling Central, Other
Commercial Heating Central, Electric, MutliZone Heat, Natural Gas

Exterior Features

Foundation Details Basement
Inclusions Building, Business, Equipment, Fixtures, Inventory, Land, Licenses
Lot Size Area 0.750
Rail Service No
Roof Architectural Shingle

Property Schools



Direct Link:

http://www.realtyasheville.com/property/44-3284220-288-Montford-Avenue-Asheville-NC-28801

Gallery (32 photos)

Ask Your Agent a Question

Property vs Zip Code Avg (28801)

Price 2.55M Avg 650K

Sqr Feet 5,500 Avg 5,416

Cost / Sqr Ft $464 Avg $120

Acres 0.75 Avg 0.8

Visits 13 Avg 7

Walkscore® 51 Avg 75

Ask How to Finance this Property

Download Our Mobile App

Download Millions Mapped

Listing Provided Courtesy Of: Ivester Jackson Blackstream




Back to Search

Chat is Now Online! Ask Away!

Find Your Home's Value Instantly

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

The Streppa Team | RealtyAsheville.com: Homes for Sale
86 Asheland Avenue
Asheville, NC
828-737-1608
828-254-8351