Location, flexibility, and income potential come together in this versatile Asheville property. Just 4 miles from the downtown Asheville, this two-living-space property offers an exciting opportunity for buyers seeking rental income, a guest suite, multigenerational living, or a flexible space to work from home. The main residence offers 1,661 square feet with four bedrooms and 1.5 baths, an updated kitchen, and new flooring in the kitchen and dining areas. Outside, enjoy a low-maintenance composite front deck and rear deck and patio overlooking a lush, private setting. A partially fenced side yard with fruit trees and established landscaping adds to the property's appeal, while a rear storage shed provides convenient additional space. The recently remodeled 808-square-foot lower-level studio apartment is where the income potential really shines. With two exterior entrances, the apartment offers privacy, flexibility, and easy access for tenants, guests, or extended family, making it especially appealing for those looking to generate rental income or create a separate living space. Updates include new flooring, drywall, paint, refrigerator, mini-split, and lighting, along with a full bath and kitchenette, creating a move-in-ready opportunity for generating additional income. Additional home improvements include a 2023 roof replacement, 2025 water heater, French drain, gutter guards, and recently painted exterior. With a desirable Asheville location and two separate living spaces, this property offers options and the potential to offset ownership costs through rental income.