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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.

 

264 Cragmont Road Black Mountain NC 28711

Price$244,000

Est. Mortgage: $/month

MLS Number 3517891

  • MultiFamily Multi-Family
  • Year Built 1900
  • Square Feet 2781

Great investment opportunity! Main home (264 Cragmont) is 3BR 1Bath. An additional unconnected room with entrance off the front porch would make great studio space. 1BR 1Bath Bungalow in front, and 3 BR 1 Bath Garage apartment are currently rented with 1 year leases. New roofs on all three! Agent is related to owner.

Listed by Cindy McGrayne of Candy Whitt & Associates

$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Sep 12, 2019
* 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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210 & 208 Craggy Street Black Mountain NC 28711

Price$475,000

Est. Mortgage: $/month

MLS Number 3515727

  • MultiFamily Multi-Family
  • Subdivision None
  • Year Built 2002
  • Square Feet 2357
  • Lot Description Hilly, Trees, Wooded

Welcome to the jewel of Black Mountain with a detached accessory dwelling unit currently rented month to month for $650/month. No restrictions on short term rentals. This custom home is minutes from Lake Tomahawk, downtown Black Mountain and 20-30 minutes to Downtown Asheville. Amazing shiplap vaulted ceilings. Gorgeous original hard wood floors recently refinished. New LVT in bedrooms and bonus. Fresh paint throughout the entire house. New ceiling fans. Updated light fixtures. Brand new stainless steel appliances. Fresh paint on the porches. Porch swing conveys! HUGE 24'x24' master bedroom! The master bathroom includes double sinks, custom walk-in shower and Jacuzzi tub. Natural gas hookups available.

Listed by Erik Tillman of Sterling Real Estate Partners

$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Sep 12, 2019
* 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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1114 Montreat Road Black Mountain NC 28711

Price$475,000

Est. Mortgage: $/month

MLS Number 3504121

  • MultiFamily Multi-Family
  • Subdivision None
  • Year Built 1963
  • Square Feet 12172

Well-located building with incredible potential. Located in walkable Black Mountain close to Montreat . Exciting redevelopment opportunity! Well-built concrete block construction. Level to gently sloping lot. Beautiful Creek view! Sidewalks connect to downtown. THIS IS A VACANT FORMER NURSING HOME, there is no power to the facility. 23 rooms with shared bathroom, 3 private rooms with bathroom, 3 common restrooms, 3 offices, Commercial Kitchen, Laundry, common areas. Peaceful yard on beautiful flat creek. Priced to sell quickly. Please refer to Black Mountain zoning code for uses and requirements. Zoned SR-2.

Listed by Jason Burk of Whitney Commercial Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Sep 12, 2019
* 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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2167 NC 9 Highway Black Mountain NC 28711

Price$255,000

Est. Mortgage: $/month

MLS Number 3493112

  • MultiFamily Multi-Family
  • Subdivision None
  • Year Built 2014
  • Square Feet 840

Practically new, beautifully detailed, post and beam home with detached barn turned studio (not counted in sqft)! Custom built in 2014 as a primary residence and later turned into an airbnb vacation rental, this home has been meticulously maintained! The large loft overlooks the custom open floor plan where each sqft is optimized for functionality. Commute through woods on well maintained route 9 to Black Mountain or Chimney Rock/Lake Lure, ALL only 15 minute drives from your new home (Straightaway Cafe is only 3 mins). Relish the babble of YOUR 2 streams while enjoying the outdoors on one of your decks or entertaining guests around your fire pit. Make this your occasional, permanent, income or combo mountain getaway! •Furniture negotiable •2018 rent roll for main house only ($24,406) attached •Airbnb listing: https://abnb.me/ESRgw3cgwV

Listed by Wendy Dean of Keller Williams Professionals

$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Sep 12, 2019
* 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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19 Kate Mountain Road Black Mountain NC 28711

Price$549,000

Est. Mortgage: $/month

MLS Number 3429924

  • MultiFamily Multi-Family
  • Subdivision None

86+ acres, amazingly private mountain top with fantastic additional homesites. Live off-grid with solar power, gravity-fed spring water, 275 gal reservoir. Two impeccably maintained cabins (each private from the other) plus artist studio, large garage and workshop. One cabin is 1 bed/1 bath w/loft & wrap-around deck, long-range views. 2nd Cabin is 1bed/1 bath w/deck, overlooking open land, trout pond & large garden space. Custom woodwork throughout cabins. Internet/TV w/Vrzn. 80.64 contiguous mtn-top acres, plus 6.23 acres road frontage on NC Hwy 9. Beautiful, Broad River area, 30 minutes to Black Mountain & 30 minutes to Lake Lure.

Listed by Rosie Johnson of GreyBeard Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Sep 12, 2019
* 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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3361 NC 9 Highway Black Mountain NC 28711

Price$339,000

Est. Mortgage: $/month

Pending

MLS Number 3437393

  • MultiFamily Multi-Family
  • Year Built 1923
  • Square Feet 7500
  • Lot Description Water view

There are two homes, two storage/workshop type buildings, one non conforming larger apt. that is in nice condition, a two bedroom home with a two care garage below it. The upper home is a rock home that was built in 1923 fronting on a creek, waterfall and small creek/spring. It is a unique property with a lot of storage type space ideal for a construction type person, woodworker or builder.

Listed by Jim Lorenz of WNCPROPERTY.COM

$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Sep 12, 2019
* 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