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33 Vance Ave 5 Unit Apartment Building $1,395,200 CAD ($279,040 CAD/Unit) 8.25% 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 | $1,395,200 CAD | Building Class | C |
| Price Per Unit | $279,040 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 2,587 SF |
| Cap Rate | 8.25% | 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 | $1,395,200 CAD |
| Price Per Unit | $279,040 CAD |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| 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
PROPERTY TAXES
| Parcel Number | 0619-24-9964-00000 | Improvements Assessment | $720,353 CAD |
| Land Assessment | $67,745 CAD | Total Assessment | $788,098 CAD |
PROPERTY TAXES
Parcel Number
0619-24-9964-00000
Land Assessment
$67,745 CAD
Improvements Assessment
$720,353 CAD
Total Assessment
$788,098 CAD
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33 Vance Ave
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