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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

    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.

    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#: 248914MLS LogoOriginating 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
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