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.

 

233 Laurel Circle Drive Black Mountain NC 28711

MLS Number CAR3914124

  • MultiFamily
  • Bedrooms 5
  • Square Feet 2097
  • Acreage 0.45
  • Property SubType Residential Income

Location, location, location! Just 145 steps to Lake Tomahawk Park, just at the end of your driveway. This secluded multi generational family compound sleeps 10 w/ 3 separate dwellings, entrances, and parking areas. This property has it all for your family. Cozy-up in front of the 6 natural gas fireplaces or gather around the toasty fire pit in the yard. The main house has vaulted ceilings & 2 large bedrooms & 2.5 baths. In-law suite has a full kitchen w/ 2 bedrooms & 1.5 baths. The guest cabin has a kitchen, 1 bedroom & 1 full bath. Meander to the large flat side yard area for large RV parking or family fun yard recreation. A short stroll into Black Mountain which offers eateries, breweries, coffee shops, & shopping. Come explore this quaint mountain town w/ glorious hiking trails nearby. Use the entire property as a family compound or utilize the separate units as income properties. 1069 SF of space in the basement, ceiling heights under 7'. Total property is 5 bedroom 4.5 bath

Listed by Eddie Colley of Keller Williams - Black Mtn.

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$/month over payments
Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* 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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101 Mountain Street Black Mountain NC 28711
Pending

MLS Number CAR3916799

  • MultiFamily
  • Bedrooms 4
  • Square Feet 2090
  • Acreage 0.14
  • Property SubType Residential Income

Wonderful well maintained 4 unit home close to downtown with easy access to all that Black Mountain has to offer. Quiet location in a nice residential neighborhood. Many improvements were made by the current owner making this an appealing option for those wishing to rent in town. Great front and back yard for tenants to enjoy with ample parking in front of the building. Leases in place for all 4 units. The earliest end date is May 31, 2023. Given the limited supply and high demand for rentals in Black Mountain, these units are always filled. Great rental history.

Listed by Bob Sadlemire and Scott Russell of Freestone Properties

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$/month over payments
Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* 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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118 & 120 W College Street Black Mountain NC 28711
Active With Contract

MLS Number CAR3906892

  • MultiFamily
  • Bedrooms 5
  • Square Feet 2344
  • Acreage 0.34
  • Property SubType Residential Income

Two homes within walking distance of downtown Black Mountain and Lake Tomahawk. 118 is currently used as a Short Term Rental. Open floor plan allows for a much larger feel to the house than the measured space. Main living space highlighted by beautiful hickory wood floors. Open kitchen shows off beautiful tile work and magnificent breakfast bar. Two bedroom and two bathroom layout. One bedroom features loft w/additional bed. Large fenced backyard w/deck & beautiful privacy fence. 120 features a sun drenched living room w/large windows to showcase all seasons. Winter view of High Top Mountain. Beautifully crafted wood ceilings, breakfast bar & dining area. The kitchen features hand-made wormy maple cabinets. Upper level features 3 bedrooms & 2 full baths. Enjoy the wonderful outdoor entertainment area, dining space & patio w/private backyard space & fire pit area. Small potting shed & large storage building offer tons of room for your yard implements and recreational storage needs.

Listed by Casey Conner of Nest Realty Asheville

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$
%
$/month over payments
Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* 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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17 Chicago Avenue Black Mountain NC 28711

Black Mountain, NC17 Chicago Avenue

Price$299,000

Est. Mortgage: $/month

MLS Number CAR3902193

  • MultiFamily
  • Acreage 0.98
  • Property SubType Residential Income

Calling ALL builders, developers, and investors. This land is in an ideal City of Black Mountain location, within very close proximity to Lake Tomahawk and downtown Black Mountain. Wooded and private; tucked away on a quiet street with little traffic and access to public utilities. Short-term rentals are allowed. Potential for up to 5 building sites per planning department. Buyer to confirm during due diligence. Everything about this area is so welcoming and inviting. Less than a 20-minute drive to downtown Asheville. A golf course, sports field, and tennis courts are also nearby. Downtown Black Mountain has several well-known dining, breweries, coffee shops, and shopping experiences all of which make this the location to build your next minor subdivision. Less than 1-acre disturbance removes the need for a stormwater plan. The existing home is most likely a teardown. Please call the listing agent for details on the survey.

Listed by Alexandra Schrank of RE/MAX Executive

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$
%
$/month over payments
Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* 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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33 Vance Avenue Black Mountain NC 28711

Black Mountain, NC33 Vance Avenue

Price$1,100,000

Est. Mortgage: $/month

MLS Number CAR3900595

  • MultiFamily
  • Bedrooms 5
  • Square Feet 2587
  • Acreage 0.27
  • Property SubType Residential Income

Don't miss this once-in-a-lifetime opportunity to own a 5-unit home in beautiful downtown Black Mountain! An easy walk to top restaurants, breweries, live music, & coffee shops. Or just relax & enjoy the long-range views from the expansive front porch! Each unit has its own entrance, its own bathroom, its own bedroom, its own kitchen, & its own parking. This is currently a VERY successful vacation rental with 2021 gross income of over $145k (est. of over $157k if all units had been active)! 11% Cap Rate! Each unit has its own gas meter, electric meter, & water heater. Rent all five, live in one & rent four, or live in the two upstairs units & rent the three units downstairs. All furnishings convey! Many updates were done in 2019 & 2020. New roof in 2022! Please do not go onto the property without an appointment. All showings require proof of funds or a pre-qualification letter. Don't miss a special place like this, in the PERFECT location! Contact listing agent for financials.

Listed by GreyBeard Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* 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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Broker Reciprocity © 2022 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of November 28, 2022 6:50 AM EST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.