Two-Residence Short-Term Rental
For Sale
$799,999
416 S Cherokee Ave, Black Mountain, NC 28711
Two maintained homes share one parcel, supporting multigenerational use, rental income, or an owner-occupied arrangement.
Property Size2,201 SF
Price / SF$363.47
Days on Market24
Property Features for 416 S Cherokee Ave
General Information
Standard status
Active
Size
2,201 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Buildings
2
Listing Agency:
Mosaic Community Lifestyle Realty
(828) 777-0583
Listed By:
Casey Conner · License #302100
Source:
Lewisandkirk
Added: Aug 7
Changed: Aug 30
Last Checked: Aug 30 at 12:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mosaic Community Lifestyle Realty
Investment Insights
Based on property information with market context.
This property combines two maintained residences on a single parcel. The primary home contains 1,394 square feet with a practical layout suited to daily living or longer-term rental use. Set behind it, the 807-square-foot guest cottage offers one bedroom and an established short-term rental history. The residences provide flexibility for multigenerational occupancy, an owner-occupied rental arrangement, or continued use as separate lodging spaces.
Built in 1965, the property is located across from Black Mountain Golf Course and near Lake Tomahawk. The lake area includes tennis courts, a playground, and a community pool, while the surrounding Black Mountain setting provides access to the community’s local amenities and outdoor-oriented environment.
Built in 1965, the property is located across from Black Mountain Golf Course and near Lake Tomahawk. The lake area includes tennis courts, a playground, and a community pool, while the surrounding Black Mountain setting provides access to the community’s local amenities and outdoor-oriented environment.
Key Highlights
- Two residences on a single parcel
- Primary home measures 1,394 square feet
- One‑bedroom guest cottage with 807 square feet
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 28711, NC
14,047
Population
7,563
Households
1.9
Avg Household Size
49
Median Age
54%
College-Educated
92%
High-School Grad
103.9 sq mi
ZIP Area
135
Density / Sq Mi
$69,177
Median Household Income
$38,677
Median Earnings
$1,319
Median Rent
$358,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two maintained homes share one parcel, supporting multigenerational use, rental income, or an owner-occupied arrangement.
Where is this short term rental property located?
The property is located at 416 S Cherokee Ave Black Mountain, NC.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two residences on a single parcel; Primary home measures 1,394 square feet; One‑bedroom guest cottage with 807 square feet
