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. Current rental income priced at 5.5% Cap Rate. Apartment priced at $631/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. The City of Asheville currently classifies the residence as an apartment, but there is potential to condonize the building to 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. Financials available upon request.