Address
103 Flat Creek Road, Black Mountain, NC
Price
$ 2,349,000
Property Attributes
  • ID#4117888
  • TypeMulti-Family
  • CountyBUNCOMBE
  • CityBlack Mountain
  • AreaBuncombe County
  • Zip28711
  • Style
  • Price$ 2,349,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3048
  • Lot Size2 Acres
Data Source:
Canopy MLS
Property Description

Excellent investment opportunity combining four renovated cash flowing A-frame vacation rentals with the vacant land across totaling two acres just half a mile from Downtown Black Mountain. Neighborhood mixed use zoning allows for numerous options to increase the already excellent revenue stream. Seller has preliminary 10-lot subdivision on file w/ most due diligence already done on the land. Or, potential buyer can get creative with one of the many other residential or light commercial uses allowed for the land. The A-frame vacation rental properties are fully furnished and provisioned with hundreds of 5-star reviews on Airbnb -a super efficient turn-key business. It even includes a stocked supply shed and a service in place with a solar powered laundromat that picks up and delivers linens to make turnovers between guests a breeze. The property is walkable via greenway to town and just 1 mile from Lake Tomahawk. Property has endless potential in a growing and thriving mountain town.

Elementary School Middle School High School
Black Mountain Elementary School Charles D Owen Middle School Charles D Owen High School
Price History
3/13/2024 Listed $2,349,000

General Features

Interior Features Split Bedroom,Vaulted Ceiling(s)
Sewer Public Sewer
Heating Ductless
Cooling Ductless
Utilities Cable Available,Electricity Connected,Wired Internet Available
Roof Metal
Appliances Dishwasher,Electric Oven,Electric Range,Exhaust Hood,Microwave,Refrigerator
Zoning NMU
Construction Materials Wood
Pets Allowed Yes
Year Built 1964
Tenant Pays None
Property SubType Portfolio
Elevation 2000
Additional Parcels Description 061947879700000
County Buncombe
New Construction No
Property Type Residential Income
Directions From Asheville take I-40 East. Take Exit 64 to Black Mountain. Turn Left onto NC-9 North. Turn Right at 1st Cross Street onto Sutton Ave. Turn left onto S Ridgeway Ave. Turn Right onto E State Street
High School Charles D Owen
City Black Mountain
Total Units 4
Street Name Flat Creek
Elementary School Black Mountain
Middle/Junior High School Charles D Owen
Virtual Tour https://vimeo.com/869313801
Standard Status Active
CAR_HOASubjectTo None
Construction Type Site Built
Tax Assessed Value 801200
Virtual Tour https://www.youtube.com/watch?v=8gT7ROhBeK8

Interior Features

Fireplace Y/N No
Above Grade Finished Area 3048
Full Baths 4
Street Suffix Road
Laundry Features Electric Dryer Hookup,Washer Hookup
Total Bedrooms 8

Exterior Features

Parking Features Driveway
Water Source City
Lot Size Area 2
Foundation Details Slab
Building Area Total 3048
Road Surface Type Gravel,Paved
Lot Size Units Acres
Road Responsibility Publicly Maintained Road
Main Level Garage YN No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 28711

Price
AVG $1.58M
$2.35M
Visits
AVG 251
112
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1964

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