212 & 214 Portmanvilla Road, Black Mountain, NC 28711

$1,100,000
8
BD
4,422
SqFt

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List Price
$1,100,000
MLS#
4278450
Status
ACTIVE
Property Type
Residential Income
Distressed Property
Yes
Year Built
2011
Days on Market
388
Bedrooms
8
Full Baths
6
Half Baths
4
Lot Size
11,325
Lot Size Area
0.26
Living Area
4,422
Sq Ft Total
4422
County
Buncombe

Property Description

Rare multi-family investment opportunity in popular Black Mountain! Easy access to all the nearby amenities: historic downtown district with local restaurants, shops, and breweries, Lake Tomahawk Park, Black Mountain Golf Club, and ample opportunities for outdoor recreation. Plus, just a short 20-minute drive to neighboring Asheville. This offering consists of four total units in two buildings, each designed as a side-by-side townhouse-style duplex with individual entrances. Units in #214 are 2 bedrooms and 2.5 baths; units in #212 are 2 bedrooms and 1.5 baths; each unit has its own utility meters, laundry, and private outdoor space. Meticulously maintained by the same owners for over a decade, this property is a turnkey investment opportunity in a beautiful area. Consistent rental history with long-term tenants & minimal turnover. Currently, there are 12-month leases in place for three of the units, and a month-to-month lease for the fourth. Additional details available upon request.

Additional Information

Floor Coverings
Tile, Wood
Equipment
Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
Foundation
Crawl Space
Laundry Location
In Unit, Main Level
Heating
Heat Pump
Water
Public
Sewer
Public Sewer
Exterior Construction
Vinyl
Roof
Architectural Shingle
Parking
Driveway, Parking Space(s)
Driveway
Gravel, Paved
Lot Description
Green Area, Level, Wooded
Elementary School
Black Mountain
Middle School
Charles D Owen
High School
Charles D Owen
Special Conditions
Subject to Lease

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Calculator source: Real Geeks

Listing courtesy of Heartwood Realty LLC. Alan@HeartwoodAVL.com

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