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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.
DAYS ON MARKET | 68 | LAST UPDATED | 7/2/2024 |
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TRACT | None | YEAR BUILT | 1980 |
COMMUNITY | 1-Boone, Brushy Fork, New River | COUNTY | Watauga |
STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
Elementary School | Green Valley |
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High School | Watauga |
ADDITIONAL DETAILS | |
AIR | Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Dryer, Refrigerator, Washer |
AREA | 1-Boone, Brushy Fork, New River |
CONSTRUCTION | Brick, Vinyl Siding, Wood Siding |
HEAT | Electric, Other, See Remarks |
LOT | 0.95 acre(s) |
SEWER | Shared Septic |
STYLE | Other |
SUBDIVISION | None |
TAXES | 2584 |
WATER | Shared Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Amy LaBarre, Blue Ridge Brokerage, (828) 265-2199
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