Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1989
Sq.Footage
4,130
9% CAP RATE - TWO DUPLEXES, 4 TOTAL UNITS, 16 TENANTS WITH THEIR OWN PRIVATE ROOM / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. Current 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 $148,800 for the Aug '25 - July '26 lease term. Tenants are responsible for all utilities and trash pickup. 24-hour notice is required for showing. Photos were taken previously, when units were unoccupied. Unit finishes vary slightly. Total square footage represented is from appraiser measurements provided by the seller.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
4130.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s)
-
Heating YN
YES
-
Heating
Baseboard
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Parking
Parking Lot
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$1,390,000
-
Sq. Footage
4, 130
-
Price/SqFt
$336
HOA
-
Association
No
School District
-
Elementary School
Hardin Park
-
Middle School
None
-
High School
Watauga
Property Features
-
Senior Community YN
NO
-
Sewer
Septic Tank
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Location
County
Watauga
Elementary School
Hardin Park
Middle School
None
High School
Watauga
Listing Courtesy of Page Sauder , Page Sauder Properties
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Agent
Zaneta Mowatt
Call Zaneta today to schedule a private showing.
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