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Great location close to downtown and all businesses on Asheville Hwy but no city taxes and very quiet, huge lot (1.33 acres) and R-20 zoning allowing building another house on the back for rental income (this extra land with a building pad is worth >$40k extra). House has "Effective Year 1980" according to tax record. Many recent updates, including newer heat pump, windows, 2-years old roof etc. Nice hardwood floors and 2 stone fireplaces. Upstairs room can be used as 4th br (heated or cooled by another heat pump). Separate entrance for in-law-suite with separate kitchen, living room with stone fireplace, practically a separate unit of 636 SF. Could lease this in-law-suite for ever increasing rental income that will soon cover the mortgage payment or could request seller to reopen the door connecting the 2 units to use as a big house (2063 SF). A ridge-top lot on the back (PIN 9569-19-9690) for sale for $64k. 5 rental units possible with these 2 lots, great investment potential.

Property Details of 502 Lyndhurst Drive

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Listed by Kevin Wei of Buncombe Realty (wKevinWei@gmail.com)

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