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33 Vance Ave
Black Mountain, NC 28711

$975,000 USD

Apartments For Sale  •  2,587 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,587 SF
  • Lot Size 0.27 AC
  • Building Class C
  • Year Built 1909
  • Cap Rate 10.15 %
  • Zoning CB
30 Transit Score
50 Walk Score

Highlights

Established short-term rental property with five distinct units, each featuring a private entrance and dedicated parking.
Historic home character complemented by modern updates, offering a charming and comfortable guest experience.
Strong performance with 77% year-to-date occupancy through April 2026, supported by great reviews and repeat bookings.
Offered fully furnished with an experienced housekeeping team willing to remain in place for a seamless transition.
Flexible investment with separately metered utilities and potential for conversion to long-term rentals in the future.
Prime downtown Black Mountain location within walking distance to dining, shopping, and local attractions.

Property Flyers

Cap Rate: 10.15 %

Public Transportation

AirportDriveWalkDistance
Asheville Regional 33 min - 22.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Alan Wray 828-348-5720 Heartwood Realty
Alan Wray 828-348-5720 Heartwood Realty