Asheville · Asheville, NC
16 Cottage Drive
Asheville, NC · 253 sqft
$214,000
Reduced from $215,000
- 1Beds
- 1Baths
- 253SqFt
- 1930Year
- 84Days on market
About this home
Turn-Key Cash-Flow Opportunity Minutes from Asheville’s Major Hospitals. Positioned just minutes from both the VA Hospital and Mission Hospital, this renovated studio cottage in historic Homeland Park offers a lucrative cash-flow opportunity with a proven track record of solid rental income. Offered fully furnished and equipped as a turn-key 30-day rental, this efficient tiny home is primed for high-demand mid-term tenants, traveling medical professionals, or use as a personal Asheville crash pad. The open-concept layout features durable vinyl plank flooring, a nicely equipped kitchenette, a mini-split HVAC unit, an all-in-one washer/dryer, and a private back deck overlooking a lovely mountain setting. Perfectly situated near Downtown Asheville, Black Mountain, and the Blue Ridge Parkway, this 1930s resort gem can be purchased individually or as a dual-property investment package alongside 15 Cottage Drive (Multi-Family MLS# 4392051). Income and expense reports available upon request.
Property details
- Beds
- 1
- Baths
- 1
- SqFt
- 253
- Lot
- —
- Year built
- 1930
- Type
- Single Family
- Days on market
- 84
- Style
- Cabin
- Heating
- Ductless
- Cooling
- Ductless
- Foundation
- Crawl Space
- Flooring
- Vinyl
Features
- Open Floorplan
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,548/ month
- Principal & interest
- $1,325
- Property tax (~0.90%)
- $160
- Homeowners insurance
- $62
- HOA dues
- —
Down payment
$10,700 down · $203,300 financed
Income to qualify (28% rule)
~$66,354 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.