103 Flat Creek Rd - Residential Income FOR SALE


Black Mountain, NC 28711
$2,349,000 USD
828-707-9556
103 Flat Creek Rd, Black Mountain, NC for Sale
$2,349,000 USD
Residential Income - FOR SALE
1/25
null | Request Cap Rate

103 Flat Creek Rd
Black Mountain, NC 28711


HIGHLIGHTS

  • Four Income Producing STR Properties
  • Vacant Land w/ Tons of Potential Uses
  • Excellent Location Half a Mile from Downtown Black Mountain

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,349,000 USD

PRICE/SF

$771 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

103 Flat Creek Road A-Frames + Land

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

NMU-8

APN/PARCEL ID

061947879700000

ASK ABOUT THIS PROPERTY

Caley BowmanMosaic Community Lifestyle RealtyMore Info
828-707-9556

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Caley BowmanMosaic Community Lifestyle RealtyMore Info
828-707-9556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.