$950,000 | 3 BDS | 2 BA | 1,816 SQUARE FEET (under contract)
Renovated from the studs out to provide flexibility in the way you want to live. This century-old home benefits from a variety of permitted uses in the Neighborhood Corridor District: residential whole house, duplex, short-term rentals such as AirBnB/VRBO, offices, microbrewery, beauty salon and a whole host of other uses. Buyer to confirm permitted uses with the City of Asheville Municipal Code.
If you want to capitalize on short-term rentals, 220 Broadway’s upstairs generated about $60,000 annually in AirBnB/VRBO income between 2016 and 2021, a total of $273,000 in STR income. Should the lucky new owner of this home want to continue short-term rentals, the upstairs is turnkey and ready for guests while you live in your comfortable downstairs apartment with full kitchen, full bathroom, washer/dryer, bedroom, living room and outside patio.
Built in 1920, the historic home features original heart-pine floors, original restored windows, three bedrooms, two full bathrooms (one with tub), full kitchen, living room, family room and upstairs kitchenette, for a total of 1,816 square feet.
Renovations in 2016 included all new electric throughout the house, new plumbing, hot water on demand (powered by natural gas), new HVAC (two units, 3 zones), new roof, new paint (pressure cleaned and touched up annually), new driveway, dry basement with ducted humidifier, repairing original windows so that all work flawlessly, restoring heart pine floors, new bathrooms, new downstairs bedroom, insulation throughout and more. I even took extra steps to run natural gas piping so that the dryer and cooktop could be easily converted to gas.
The screened front porch features two hammock chairs, the perfect spot for warm evenings, and a back patio serves as a serene setting to sip your morning Joe or enjoy a pint of Asheville’s best brews at the end of the day.
On-site parking for four vehicles and plenty of storage in the dry basement and attic. Adjacent to Montford and Five Points and directly across the 20 all-under-contract $1-million-plus brownstones at The Broadway.
AirBnB | 335+ 5-Star Reviews
Downtown Asheville and greenways are at your doorstep in this immaculately restored century-old home. Of 335+ 5-star reviews, guests Matthew & Belinda sum it up best: We have stayed at AirBNBs all over the world, and this was the best stocked, best cleaned place – and with more helpful suggestions – than we have ever stayed at! We wanted for nothing! And we walked to EVERYTHING! After a day of exploring, relax in a hammock chair on the front porch. Enjoy space to spread out with two bedrooms, living room, full bath and kitchen. See listing on AirBnB.
From our most recent guest, February 27 – March 13, 2022
Thank you so much for a wonderful stay! We just headed out for our drive home and put the towels in the hamper before we left. We had the best time at your place – couldn’t have imagined a better home base for our time in Asheville, and we only wish it was longer! – Conor
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