526 Fleming Street, Hendersonville, NC 28739

Marcus & Millichap is pleased to present Fleming Street Apartments, a 9-unit multifamily community located in Hendersonville, North Carolina. Originally built in 1960 and comprehensively renovated in 2023, the property comprises four distinct buildings (a cottage, two duplexes, and a quadplex), offering a rare combination of asset diversity, scale efficiency, and turnkey condition.

Approximately $200,000 in capital improvements have been completed throughout the property, addressing virtually every major building system. Recent upgrades include new roofs and gutters, new windows, full electrical panel replacement on every unit, upgraded plumbing throughout, a new commercial water heater on the quadplex, structural stabilization with steel piers and beams, and all-new mini-split HVAC systems serving the duplexes and cottage. Interior renovations span new flooring, fully updated bathrooms with tile showers, modern kitchen cabinets and appliances, and updated paint and lighting throughout.

Fleming Street Apartments presents a true turnkey investment opportunity, allowing a new owner to acquire a fully repositioned asset with minimal deferred maintenance and immediate cash-flow stability, supported by Hendersonville’s steady demand from a diverse tenant base of working professionals, retirees, and seasonal residents. STR furniture is available for sale for buyers who wish to continue operating the existing short-term rental units.