Prime investment opportunity with the meticulously updated 1910 historic Leader Building. In the heart of vibrant downtown Asheville, this iconic property combines historical significance with mixed-use commercial appeal. Every detail has been thoughtfully updated, from the beautifully preserved architectural elements to the energy efficient systems throughout the building. The main & lower levels are occupied by well-established tenants with a long-term lease. The upper level features a spacious and elegant 3,741 SF 3 bedroom, 3.5 bath apartment. Designed with expansive living areas with high ceilings, abundant natural light, a mountain view, and high-end kitchen, this residence provides a perfect blend of character & modern comfort, plus plenty of storage room. This property presents a rare opportunity to own a piece of Asheville’s history while benefiting with an income stream. Financials available for review upon request. Current rental income priced at 5.5% Cap Rate. Apartment priced at $720/SF. Owners use apartment for personal use, but have previously rented for $4,500 per month on a one-year lease and most recently for $7,000 for 30-day lease. Disclosure - The City of Asheville classifies this residence as an apartment and not technically a condo due to it having one main ingress/egress. Potential to condonize the building and sell off the residential and hold the commercial income, or vice versa - buyer to verify. Please do not disturb Tenants. Call listing agent for all showings. Listing agency does not hold earnest money.