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33 Vance Avenue

Black Mountain, NC 28711

5 beds
– baths
2,587 sqft
11,761 sqft lot
$402 per sqft
1909 build
– on site

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Don't miss this once-in-a-lifetime opportunity to own a 5-unit home in beautiful downtown Black Mountain! An easy walk to top restaurants, breweries, live music, & coffee shops. Or just relax & enjoy the long-range views from the expansive front porch! Each unit has its own entrance, its own bathroom, its own bedroom, its own kitchen, & its own parking. This is currently a VERY successful vacation rental with 2021 gross income of over $145k (est. of over $157k if all units had been active)! 11% Cap Rate! Each unit has its own gas meter, electric meter, & water heater. Rent all five, live in one & rent four, or live in the two upstairs units & rent the three units downstairs. All furnishings convey! Many updates were done in 2019 & 2020. New roof in 2022! Please do not go onto the property without an appointment. All showings require proof of funds or a pre-qualification letter. Don't miss a special place like this, in the PERFECT location! Contact listing agent for financials.

Listing courtesy of CMLS / GreyBeard Realty

Last checked: Checking… • Last updated Feb 11, 2025 •

MLS# 3900595 —

The Building

Year Built:

1909
New Construction:

false
Construction Type:

Site Built
Subtype:

Fiveplex
Construction Materials:

Wood, Other - See Remarks
# of Units Total:

5
Roof:

Shingle
Foundation Details:

Crawl Space
Patio And Porch Features:

Covered, Deck, Enclosed, Front Porch, Patio, Rear Porch, Screened
Building Area Total:

2587

Interior

Flooring:

Linoleum, Tile, Vinyl, Wood
Living Area:

2587
Fireplace:

true

Location

Directions:

Located in beautiful downtown Black Mountain. GPS will get you there. Please pull into the second driveway on Spring Street and park at a numbered sign that correlates to any of the units that you will be showing.
Latitude:

35.614151
Longitude:

-82.321561
Elevation:

2000

The Property

Type:

Residential Income
Lot Features:

Level, Rolling Slope, Views
Lot Size Dimensions:

Per GIS
Lot Size Acres:

0.27
Lot Size Square Feet:

11761
Lot Size Area:

0.27
Lot Size Units:

Acres
Zoning Specification:

CB
View:

Long Range, Mountain(s), Winter, Year Round
Waterfront Features:

None
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Gravel

Listing Agent

Contact info:

Taxes

Parcel Number:

0619-24-9964-00000
Tax Assessed Value:

332200

Beds

Bedrooms Total:

5

Baths

Full Baths:

5

The Listing

Special Listing Conditions:

Subject to Lease

Heating & Cooling

Heating:

Natural Gas, Other - See Remarks
Cooling:

Window Unit(s)

Utilities

Sewer:

Public Sewer
Water Source:

City

Appliances

Appliances:

Dryer, Electric Water Heater, Washer
Laundry Features:

Upper Level

Schools

Elementary School:

Black Mountain
Middle School:

Charles D Owen
High School:

Charles D Owen

The Community

Association:

false
Proposed Special Assessment:

No
HOA Subject To:

None
Senior Community:

false
Pets Allowed:

Yes

Parking

Parking Features:

Driveway, Parking Space(s)
Main Level Garage:

No
Open Parking:

true
Open Parking Spaces:

4
Other Parking:

Marked Parking for each of the 5 units.(Parking Spaces: 3+)

Explore the Area

My Commute

From

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Provided by WalkScore® Inc.

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Provided by HowLoud

Max Internet Speed

Spectrum

Provided by BroadbandNow®

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Sale history

Date	Event	Source	Price	% Change
11/20/22 Nov 20, 2022	Price Changed	CMLS
9/2/22 Sep 2, 2022	Listed / Active	CMLS
9/2/22 Sep 2, 2022	Listed / Active	CMLS	$1,400,000	342.3% (86.5% / YR)

Multifamily Sold on 2/8/2023

$1,040,675

Listing provided by broker:

Kevin Miller

GreyBeard Realty

kevin@greybeardrealty.com

Newest listings in Black Mountain, NC

Based on information submitted to the MLS GRID as of 2/12/2025 8:51 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.

33 Vance Avenue

Black Mountain, NC 28711