RE: Investment Opportunity – Multi-Strategy Residential Asset at 1 Camby St, Asheville, NC

I am pleased to present an exceptional residential investment or forever home opportunity located at 1 Camby St, Asheville, NC 28801. Priced at $370,000 following a recent $10,000 price improvement, this property offers a rare combination of immediate cash-flow potential and significant development upside in a highly desirable, walkable urban corridor.
Strategies to maximize return on investment:

(1) Update the Cottage. cosmetic upgrades (paint, new floors, kitchen cabinets, and modern light fixtures).
Use the large backyard to build an Accessory Dwelling Unit (ADU) above a garage.
Rent the main house and the ADU, creating massive equity and cash flow.

(2) Subdivide and Sell
Subdivide the lot to sell as a separate building parcel.
Sell the vacant lot. Renovate the existing home and flip.

(3) Renovate and Sell
Add a bathroom, open the kitchen, and install a modern deck facing the large private backyard.
Clear the sloped portions of the lot and add a modern fire pit area to maximize the urban lot appeal.
Sell the fully updated 2-bed, 2-bath home.

(4) Move in and enjoy the large private yard and short distances to River Arts district, Downtown Asheville.
The adjoining lot listed for sale MLS 4233414