Multifamily
Coburn Apartments
491 Kimberly Ave, Asheville, NC 28804
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present Coburn Apartments, a historic and well-located multifamily community in Asheville, NC. Built in 1911, this 32-unit property sits on 2.7 acres and features a versatile mix of studio, one-bedroom/one-bath, and two-bedroom/one-bath units. Coburn Apartments blends timeless architectural charm with functional living spaces, offering residents a comfortable and character-filled living experience. The property’s spacious grounds provide a sense of privacy and open space, a rare find in Asheville’s growing rental market.
Coburn Apartments is strategically positioned to capitalize on Asheville’s thriving economy, strong rental demand, and vibrant cultural scene. Residents enjoy convenient access to downtown Asheville’s employment centers, dining, entertainment, and outdoor recreational opportunities. With its historic appeal, diverse unit mix, and large lot size, Coburn Apartments offers investors a unique opportunity to acquire a well-established multifamily asset with long-term value and potential upside in one of Western North Carolina’s most desirable markets.
Coburn Apartments
Investment Highlights
- Historic Charm: Built in 1911 and listed on the National Historic Registry, Coburn Apartments offers distinctive architectural character that sets it apart in the Asheville rental market.
- Diverse Unit Mix: The property features studio, 1-bedroom, and 2- bedroom units, appealing to a wide range of renters.
- Prime Asheville Location: Convenient access to downtown Asheville, local amenities, and employment hubs ensures strong rental demand.
- Spacious 2.7-Acre Lot: Rare outdoor space provides potential for future enhancements, landscaping, or community amenities.
- Stable Rental Market: Asheville's vibrant economy and strong population growth support consistent occupancy and rental income.
- Value-Add Potential: Opportunities exist to modernize select units or enhance common areas to increase rents and overall property value.
Listing Price: Request For Offer
Investment Highlights
- Historic Charm: Built in 1911 and listed on the National Historic Registry, Coburn Apartments offers distinctive architectural character that sets it apart in the Asheville rental market.
- Diverse Unit Mix: The property features studio, 1-bedroom, and 2- bedroom units, appealing to a wide range of renters.
- Prime Asheville Location: Convenient access to downtown Asheville, local amenities, and employment hubs ensures strong rental demand.
- Spacious 2.7-Acre Lot: Rare outdoor space provides potential for future enhancements, landscaping, or community amenities.
- Stable Rental Market: Asheville's vibrant economy and strong population growth support consistent occupancy and rental income.
- Value-Add Potential: Opportunities exist to modernize select units or enhance common areas to increase rents and overall property value.
Investment Overview
Marcus & Millichap is pleased to present Coburn Apartments, a historic and well-located multifamily community in Asheville, NC. Built in 1911, this 32-unit property sits on 2.7 acres and features a versatile mix of studio, one-bedroom/one-bath, and two-bedroom/one-bath units. Coburn Apartments blends timeless architectural charm with functional living spaces, offering residents a comfortable and character-filled living experience. The property’s spacious grounds provide a sense of privacy and open space, a rare find in Asheville’s growing rental market. Coburn Apartments is strategically positioned to capitalize on Asheville’s thriving economy, strong rental demand, and vibrant cultural scene. Residents enjoy convenient access to downtown Asheville’s employment centers, dining, entertainment, and outdoor recreational opportunities. With its historic appeal, diverse unit mix, and large lot size, Coburn Apartments offers investors a unique opportunity to acquire a well-established multifamily asset with long-term value and potential upside in one of Western North Carolina’s most desirable markets.
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