169 and 171 Cragmont Road, Black Mountain, NC 28711
- $675,000
- 4
- BD
- 1,516
- SqFt
Listing courtesy of Noble & Company Realty. marynoble@nc-realty.com
- List Price
- $675,000
- MLS#
- 4416488
- Status
- ACTIVE
- Days on Market
- 13
- Property Type
- Residential Income
- Architectural Style
- Cottage, Other
- Distressed Property
- Yes
- Year Built
- 1954
- Bedrooms
- 4
- Full Baths
- 3
- Lot Size
- 8,712
- Lot Size Area
- 0.2
- Living Area
- 1,516
- Sq Ft Total
- 1516
- County
- Buncombe
- Special Conditions
- Subject to Lease, None
Property Description
Location, flexibility, and investment potential come together just one block from Lake Tomahawk in the heart of Black Mountain. This unique property offers three separate residences on approximately .20 acres, creating a rare opportunity for an investor, owner-occupant, or multi-generational living. The property includes a charming detached 1-bedroom, 1-bath cottage at 169 Cragmont Road, plus a duplex at 171 Cragmont Road featuring a 1-bedroom, 1-bath residence and a 2-bedroom, 1-bath residence. The 2-bedroom unit has been recently remodeled with a fresh, updated interior. Altogether, the property provides 4 bedrooms and 3 bathrooms across three individual living spaces, offering tremendous versatility. Live in one and generate income from the others, maintain all three as long-term rentals, or explore the potential for short-term/vacation rental use. The flexible configuration provides multiple possibilities for both personal use and income generation. And the location is hard to beat—one block from Lake Tomahawk, steps from the tennis courts, and an easy walk to downtown Black Mountain with its locally owned shops, restaurants, breweries, coffee shops, and vibrant small-town atmosphere. Enjoy morning walks around the lake, afternoons on the courts, and evenings downtown without ever needing to get in the car. Three residences. One exceptional Black Mountain location. A truly unique opportunity for income, flexibility, and mountain-town living.
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Additional Information
- Equipment
- Electric Oven, Electric Range, Refrigerator
- Foundation
- Basement, Crawl Space
- Laundry Location
- In Basement, In Unit
- Heating
- Ductless, Electric, Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Block, Wood
- Parking
- Assigned
- Driveway
- Dirt, Gravel, Paved
- Lot Description
- Level, Sloped, Views
- Elementary School
- Black Mountain
- Middle School
- Charles D Owen
- High School
- Charles D Owen
- Total Property HLA
- 1516
Mortgage Calculator
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