212 & 214 Portmanvilla Road

Black Mountain, NC 28711

About this property

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.

About this property

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.

Features and Additional Information

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$1,100,000 Active
4,422 sqft

Presented By TLCox and Company

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Get in touch today! Phone: 1-864-627-3110
Brokerage
Heartwood Realty LLC
1-828-348-5720
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Area Information

Buncombe | Buncombe County |

$ 1,100,000
This listing is play_arrow 69.6% higher than the average in the area
$ 648,500 in the area
4,422 SqFt
This listing is play_arrow 97.4% larger than the average in the area
2,240 SqFt in the area
$ 249 $/SqFt
This listing is play_arrow 14.3% less than the average in the area
$ 290 $/SqFt in the area
416 days on site
This listing is play_arrow 93.9% above the average in the area
215 days on site in the area

Schools in the Area

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    Elementary School
    Black Mountain
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    Middle School
    Charles D Owen
  • turned_in
    High School
    Charles D Owen
Listed By Alan Wray
Brokerage: Heartwood Realty LLC

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