Property Description

Investment opportunity in Flat Rock, featuring two separate duplex buildings with a total of four residential units. All units are occupied with a strong rental history. List price represents a CAP rate of 8.7% based on 2026 expected income. Each unit offers two bedrooms and one bath. All units have their own dedicated carport area, with individual laundry facilities conveniently within the carport. All four units are equipped with separate heat pump systems, three of which have been recently updated. Less than 10 minutes from downtown Hendersonville, the property offers convenient access to shopping, dining, employment and everyday amenities while maintaining the appeal of the Flat Rock area. This property presents an attractive opportunity for investors looking to add a multi-unit income-producing property to their portfolio.

Features

Heating System:: Heat Pump
Cooling System:: Heat Pump
Patio:: Patio, Deck
Sewer:: Septic Installed

Address Map

Country:: US
State:: NC
County:: Henderson
City:: Flat Rock
Zipcode:: 28731
Street:: Randolph
Street Number:: 17
Street Suffix:: Avenue
Longitude:: W83° 35' 4.9''
Latitude:: N35° 18' 51''
Directions:: From Downtown Hendersonville, follow 6th Avenue W as it curves slightly right and becomes US-64 E/Four Seasons Boulevard. Turn right onto Dana Road, then turn right onto Tracy Grove Road. Continue to Randolph Avenue and turn right. The property at 17 Randolph Avenue will be on your left.