Profitable, six-plex investment opportunity in Boone, NC! Located minutes from Appalachian University and downtown Boone. 100% occupied year- over- year. One year lease terms with renewals signed through July 2025. Rental rates continue to increase each year, with more room for escalation going forward. Metal roof less than 2 years old, basement drainage system installed with encapsulation, new decks overlooking tranquil creek, UV water purification system installed, a few new A/C units and new flooring in some units. Well maintained and profitable investment opportunity.
Sold for $967,500 on 07/01/24
$967,500
150 Paul Greer Road, Boone, NC 28607
--beds
0baths
5,512sqft
Multi Family, Apartment
Built in 1980
-- sqft lot
$1,018,600 Zestimate®
$176/sqft
$1,481 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 02, 2024 at 07:27am
Listed by:
Amy LaBarre (828)265-2199,
Blue Ridge Brokerage
Bought with:
NONMLS MEMBER, 800273
NONMLS
Source: High Country AOR,MLS#: 248914
Originating MLS: High Country Association of Realtors Inc.

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric, Other, See Remarks
Cooling
- Central Air
Appliances
- Included: Dryer, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Interior area
- Total structure area: 5,512
- Total interior livable area: 5,512 sqft
Property
Lot
- Size: 0.95 Acres
Details
- Parcel number: 2911542916000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family, Apartment
Materials
- Brick, Masonry, Vinyl Siding, Wood Frame
- Roof: Architectural,Shingle
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Shared Septic
- Water: Shared Well
Community & neighborhood
Community
- Community features: Long Term Rental Allowed
Location
- Region: Boone
- Subdivision: None
Other
Other facts
- Listing terms: Cash,New Loan
- Road surface type: Gravel
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.