1 of 14
573 & 591 Margo
Boone, NC
$2,000,000
Acreage: 1.25
Elementary School: Hardin Park
Year Built: 1989
MLS #: 253046

Details & Amenities

Minutes from downtown Boone and the campuses of App State and CCC&TI, these (2) side by side duplexes offer a total of 16 beds and 8 baths with 4 bedrooms/ 2 baths in each unit. Leases are currently renewing reflecting rent revenues of $153,600 annually, providing a 7.7% gross rent ROI for the Aug. '25 - July '26 lease term. With a new roof and 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 $153,600 for Aug '25 - July '26. Tenants are responsible for electric and cable/internet with trash included in rent. 24-hour notice is required for showing. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
Roof:
Asphalt, Shingle
Heat:
Baseboard, Electric
Property Type:
Residential Income
Style:
Traditional
This property is a listing of Baxter Mountain Properties.
© 12/21/2024 Multiple Listing Service of the High Country Association of REALTORS®, Inc. All rights reserved.