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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.

 

1010-1012 Montreat, Black Mountain, NC 28711

Price$675,000

Est. Mortgage: $/month

MLS Number 3225127

  • MultiFamily Multi-Family
  • Square Feet 7175
  • Lot Description Level
  • Modification Date 06/29/2017
  • SpecialListingConditions SUBJECT TO LEASE

7 UNIT RENTAL PROPERTY IN BLACK MOUNTAIN, NC. Unique residential rental property with excellent history and upside income potential. 7.6% proforma cap rate. Includes 5 two-bedroom units, 1 one-bedroom unit and a 2, 250 sf three-bedroom house. Renovations on two units just completed. Located on two tax parcels in popular Black Mountain residential area. Potential to sell house and adjoining apartment and retain other units. Conveniently located within 1 mile of center of town.

Listed by Tim Harrison of Whitney Commercial Real Estate

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

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Federal 30-year interest rate: 4.03% last updated on Jul 13, 2017
* 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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