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Black Mountain NC Income-Producing Properties

Whether it's a duplex, triplex, or apartment building, income-producing properties in Black Mountain can provide a steady source of monthly income for the owner while building equity.  These types of properties are different from vacation rentals, as they usually involve a minimum of 6-month lease terms, and the tenants typically pay all utilities.  For a good idea of rent rates in Black Mountain, browse through our managed long-term rentals. You might also be interested in Lake Lure land or Laurel Ridge land.

Tour Black Mountain Properties

If you have questions about Black Mountain income producing properties or would like to schedule a tour, please contact Greybeard Realty, call 828.669.1072 or fill out the Visit form on any property listing.

 

3121 Old US 70, Black Mountain, NC 28711

Price$214,500

Est. Mortgage: $/month

MLS Number 3424714

  • MultiFamily Multi-Family
  • Subdivision None
  • Year Built 1990
  • Square Feet 994
  • Lot Description Level, Mountain View

Conveniently located, small duplex with long term tenants in popular Black Mountain. These one bedroom/one bath units are small but very nicely laid out and include washer and dryer hook-ups in each unit and a surprising amount storage. This property also has a HUGE, ~1200 sq. ft. workshop that boasts 240 volt, 3 phase power. Bring your heavy machinery or rent the shop out, for extra income! Live in one unit, rent the other, use the shop OR rent both units and use the shop OR rent all three!

Listed by Rachel Sudnik of Asheville Sales Office

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Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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42 Cotton Creek, Black Mountain, NC 28711

Price$459,900

Est. Mortgage: $/month

MLS Number 3385352

  • MultiFamily Multi-Family
  • Subdivision Cotton Creek
  • Year Built 2007
  • Square Feet 1492
  • Lot Description Level

Light-filled craftsman home in Cotton Creek! Located directly in front of Flat Creek Greenway, this home offers an easy walk to downtown Black Mountain, public schools, and BM Tailgate Market. Approximately 1492 square feet in the main house, plus 807sf in the upscale garage apartment with separate entrance. Main house has soaring ceilings, wood floors, open floor plan, and master on the main level. Upgraded appliances and countertops in main house and apartment. Great setup for AirBnb in the apartment or rent the main house while using the apartment as your Black Mountain getaway. Fenced yard. Garage opens to Casper Run (the public street behind the home). Previously leased at $2050/month to only 1 tenant (tenant used apartment as office for home-based business). Rental potential is higher if rented separately. Water not separately metered. No HOA. Recent Improvements - interior paint, decks re-stained & railings re-painted, new carpet in master bedroom, new master bath tile floor.

Listed by Scott Russell of Freestone Properties

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Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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702 A, B, & C Ninth, Black Mountain, NC 28711

Price$675,000

Est. Mortgage: $/month

MLS Number 3404318

  • MultiFamily Multi-Family
  • Subdivision Lakewood
  • Year Built 1942
  • Square Feet 1120

Premium Location!!! Investor special!!! This income producing property sits right across from the Black Mountain Golf Course in front of the 4th tee. The property includes: main house 3 BR/2BA, 2BR Cottage with 1 BA 693sq. ft, and 1 BR/1BA Treehouse with 384 sq. ft. all situated on .74 acres. Level lot with huge yard. 2BR cottage, Treehouse, and basement of main house with 644 sq. ft are all currently being used as rentals. Great property for long term rentals or vacation rentals. Hot tub and large rock patio are great for entertaining. 3 storage sheds or workshops. Main house has a brand new roof, and other two roofs are fairly new as well. Another dwelling can be added in backyard for more income potential. Tremendous potential with a few updates needed.

Listed by Holly Lindsey of Keller Williams - Black Mtn.

{$office->Name}

Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Virtual TourSave FavoriteSchedule A VisitAsk A QuestionMore Details

102 Terry, Black Mountain, NC 28711

Price$575,000

Est. Mortgage: $/month

MLS Number 3402128

  • MultiFamily Multi-Family
  • Subdivision None
  • Year Built 1916
  • Square Feet 5427

Main house is a beautiful 102 yr-old farm-house in downtown Black Mountain with covered front porch and back deck. Tucked away on Terry Estate Dr, this charmer backs up to 89+ acres of Montreat College Blk Mtn Campus. Hardwood floors, 2 fireplaces, remodeled kitchen and bath on main. Walk to park, greenway trails, downtown shops, library, and restaurants. Main house 4br/3ba is owner occupied. 4 other 1br/1ba rentals (apartment in main house, cottage, and duplex) all on 1.14 acres with 0.2-0.3 acre vacant lot parcel which has year-round mountain views - zoned UR-8. Great way to have a home and rental income in town.

Listed by Rosie Johnson of Asheville Sales Office

{$office->Name}

Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Virtual TourSave FavoriteSchedule A VisitAsk A QuestionMore Details

5 & 8 Cordell, Black Mountain, NC 28711

Price$780,000

Est. Mortgage: $/month

MLS Number 3397037

  • MultiFamily Multi-Family
  • Year Built 1969
  • Square Feet 3749
  • SpecialListingConditions SUBJECT TO LEASE,

This beautiful private compound is located just minutes to downtown Black Mountain. Main house, Guest house AND Garage Apartment. Level fenced yard. All homes have been nicely renovated. Lots of possibilities. Currently used as vacation rental. Great outdoor space with room to garden and entertain. Court yard with outdoor fireplace; 2-car garage apartment with covered carport . Guest house with 2 decks, cathedral ceilings and partial unfinished basement.

Listed by Chip Craig of Black Mountain Office

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Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Virtual TourSave FavoriteSchedule A VisitAsk A QuestionMore Details

139 & 141 Holly, Black Mountain, NC 28711

Price$345,000

Est. Mortgage: $/month

MLS Number 3391507

  • MultiFamily Multi-Family
  • Subdivision None
  • Year Built 1922
  • Square Feet 2251
  • Lot Description Private, Wooded

LOOKING FOR VACATION OR LONG TERM RENTALS? INVESTORS?? 2 houses sold furnished, both have private decks with hot tubs. Established rental income for 5 years in private wooded setting. One house has 3BR/2 BA and the other 2BR/1 BA with city water and sewer. Could also live in either one and rent the other. The 2BR/1BA would also make a perfect mother in law quarters. Pin#'s 062976128500000 and 062976120300000

Listed by Mary Noble Braden of Keller Williams - Black Mtn.

{$office->Name}

Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule A VisitAsk A QuestionMore Details

3361 NC 9, Black Mountain, NC 28711

Price$350,000

Est. Mortgage: $/month

MLS Number 3392875

  • MultiFamily Multi-Family
  • CoListAgent_MUI 42437101
  • Subdivision None
  • Year Built 1923
  • Square Feet 1904

Ten incredible acres complete with waterfall, stream, pond, plus four different buildings and many possibilities. Unique homestead located just over the Henderson/Buncombe Cty line on Hwy 9, close to Bat Cave, Chimney Rock, Lake Lure. Possible uses include family compound, long and short term and vacation rental opportunities. Unit 1 stone cottage w/ large screen porch and rustic aspects like real wood ceilings sits under the trees near the soothing waterfall. Unit 3 metal warehouse/workshop/apartment w/ three-bay garage is sited in the middle of the developed area. Quonset Hut sits next to pond and private unit 2 is down below. All units have easy access from Hwy 9 on the gravel drive. *Unit 3 apartment not counted in heated or unheated sqft. Unit 3 has approx 3322 sqft of LL workshop space with 1/2 bath and 2 bed 1 bath apartment over top. Apartment has approx 688 sqft over 7' in height. Both spaces of unit 3 are partially heated with shared oil forced hot air.

Listed by Lori Jantzi and Libby Collina of RE/MAX RESULTS

{$office->Name}

Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Virtual TourSave FavoriteSchedule A VisitAsk A QuestionMore Details

33 Vance, Black Mountain, NC 28711

Price$319,600

Est. Mortgage: $/month

Pending

MLS Number 3340935

  • MultiFamily Multi-Family
  • Year Built 1909
  • Square Feet 2530

Opportunity to purchase a multifamily property in a walkable, in-town location in Black Mountain. ±2,530 SQFT residential building situated on 0.27 acres and consisting of five units.

Listed by Keaton Edwards of G/M Property Group

{$office->Name}

Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule A VisitAsk A QuestionMore Details

804 Montreat, Black Mountain, NC 28711

Price$518,000

Est. Mortgage: $/month

MLS Number 3323884

  • MultiFamily Multi-Family
  • Subdivision None
  • Year Built 1920
  • Square Feet 3866
  • Zoning Residential

1.37 Acres , Nicely Located between Montreat and Downtown Black Mountain. In town Private Estate with a Pond! Great rental history. Make this special place your own family compound, Air-bnb, Vacation Rental/Rentals, And/or easily convert into duplexes, for maximum income potential. Main living quarters, guest home, and garage apartment. Also has single car garage and out building. Conveniently located, easy, level access. Sidewalks leading to hiking trails, green-ways, near-by parks, and award winning public golf course. Many possibilities. Subdivide, room to build, add on. Art studio/ Workshop. Zoned UR8 (8 homes/acre),And lots of greenspace with flowing creek/Pond. Imagine off grid property.Very nice land with Southern Exposure. Income producing. Possible Mortgage pmt free and clear. A Very Nice Opportunity. No HOA fees! A Rare find. No rent increases in 11 years. Many updates.This property has a caretaker and renters, 24 hour notice is needed. Its A must see.

Listed by Benjamin Ford of Mountain Vista Properties

{$office->Name}

Black Mountain Office
204 E. State Street
Black Mountain NC, 28711
Office: 828-295-2176

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Aug 16, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule A VisitAsk A QuestionMore Details