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33 Vance Ave 5 Unit Apartment Building $1,000,000 ($200,000/Unit) 9.89% Cap Rate Black Mountain, NC 28711
Executive Summary
Great opportunity in the heart of downtown Black Mountain. with easy access to all the amenities the town has to offer. Now with new exterior paint job! Turnkey investment property with 5 units, sold fully furnished, perfect for short-term or long-term occupancy. Each unit has it's own private entrance, bedroom, kitchen, bathroom, and dedicated off-street parking. This property has the charm and character of a historic home, with many modern updates. Every space. you enter is comfortable & inviting, with good natural light. Plus, a sweet rocking chair front porch. Three units on the ground floor, and two units upstairs accessed by a common stairwell. Two laundry locations on site. See floor plan sketch for a detailed drawing of the building's layout. Financial information available upon request. This is an active vacation rental property, and showing requests will be accommodated based on occupancy. Virtual tour available here: https://my.matterport.com/show/?m=E9cHPnV4x2X&mls=1
Property Facts
| Price | $1,000,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 2,587 SF |
| Cap Rate | 9.89% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1909 |
| Property Type | Multifamily | Parking Ratio | 1.93/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | CB - Central Business | ||
| Price | $1,000,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 9.89% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 2,587 SF |
| No. Stories | 2 |
| Year Built | 1909 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | CB - Central Business |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0619-24-9964-00000 | Improvements Assessment | $510,400 |
| Land Assessment | $48,000 | Total Assessment | $558,400 |
Property Taxes
Parcel Number
0619-24-9964-00000
Land Assessment
$48,000
Improvements Assessment
$510,400
Total Assessment
$558,400
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33 Vance Ave
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