8 Beds
4 Full baths
3,048 SqFt
Active
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.
Property Details | ||
|---|---|---|
| Price | $2,349,000 | |
| Bedrooms | 8 | |
| Full Baths | 4 | |
| Half Baths | 0 | |
| Lot Size Area | 2 | |
| Lot Size Area Units | Acres | |
| Property Type | MultiFamily | |
| MLS Sub type | Portfolio | |
| Features | Split Bedroom, Vaulted Ceiling(s) | |
| Year Built | 1964 | |
| Roof | Metal | |
| Heating | Ductless | |
| Foundation | Slab | |
| Laundry Features | Electric Dryer Hookup, Washer Hookup | |
| Parking Description | Driveway | |
Geographic Data | ||
| 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. Turn Left onto Flat Creek Road. Property will be on Left. | |
| County | Buncombe | |
| Latitude | 35.622464 | |
| Longitude | -82.315419 | |
Address Information | ||
| Address | 103 Flat Creek Road, Black Mountain, NC 28711 | |
| Postal Code | 28711 | |
| City | Black Mountain | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Mosaic Community Lifestyle Realty | |
| Listing Office Phone | 828-707-9556 | |
| Listing Agent | Caley Bowman | |
| Listing Agent Phone | 828-545-5067 | |
| Sub Agency Compensation Type | % | |
| Buyer Agency Compensation | 3 | |
| Attribution Contact | caley@mymosaicrealty.com | |
| Sub Agency Compensation | 0 | |
| Buyer Agency Compensation Type | % | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Terms | Cash, Conventional | |
| Virtual Tour URL | https://vimeo.com/869313801 | |
School Information | ||
| Elementary School | Black Mountain | |
| Middle School | Charles D Owen | |
| High School | Charles D Owen | |
MLS Information | ||
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Mar 13, 2024 | |
| Listing Last Modified | Mar 13, 2024 | |
| Tax ID | 061947899200000 | |
| MLS # | CAR4117888 | |
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This information is believed to be accurate, but without any warranty.
