For sale
  • Price cut: $44K (8/22)
    $1,475,000

    591 & 573 Margo Road, Boone, NC 28607

    --beds
    0baths
    4,130sqft
    : 
    Duplex, Multi Family
    Built in 1989
    -- sqft lot
    $-- Zestimate®
    $357/sqft
    $-- HOA

    What's special

    Ample on-site parkingCounter topsNew roofRecently updated kitchens
    TWO DUPLEXES, 4 TOTAL UNITS, 16 TENANTS WITH THEIR OWN SLEEPING SPACE / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. Fully leased through July 2026 with 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. Total square footage represented is from appraiser measurements provided by the seller.
    159 days
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    226
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    9
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