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$1,750,000
Est. payment /mo
1.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Valley View
MLS Listing ID 255231
Style Traditional
HOA Y/N No
Year Built 1989
Annual Tax Amount $2,080
Lot Size 1.250 Acres
Acres 1.25
Property Sub-Type Duplex
Property Description
TWO DUPLEXES, 4 TOTAL UNITS, 16 BED / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. Fully leased through July 2026 with new leases grossing $148,800 annually. With a new roof on 573 and some with recently updated kitchens, counter tops, flooring and fixtures these duplexes are a tremendous turn-key opportunity for any investor in the strong Boone rental market. These units offer ample on-site parking and are close to college campuses, shopping, restaurants, and all Boone has to offer. Floor plans in photos with unit square footage provided by the seller. Current gross rent is $144,000, increasing to $148,800 for Aug '25 - July '26. Tenants are responsible all utilities and trash pickup. 24-hour notice is required for showing. Photos were taken previously, when units were unoccupied. Unit finishes vary. Total square footage represented is from appraiser measurements provided by the seller.
Location
State NC
County Watauga
Area 1-Boone, Brushy Fork, New River
Interior
Heating Baseboard, Electric
Fireplace No
Exterior
Utilities Available Other, See Remarks, High Speed Internet Available
Water Access Desc Community/Coop
Roof Type Asphalt,Shingle
Building
Sewer Septic Permit Unavailable
Water Community/Coop
Architectural Style Traditional
Schools
Elementary Schools Hardin Park
High Schools Watauga
Others
Tax ID 2920-56-1607-000
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
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Listed by Baxter Mountain Properties
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