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Best student rental property in town! Seller represents he believes he can obtain $950, $850, $800 and $750 per month per room upstairs and currently rents entire lower level for $1000 per month. If seller's upstairs projections are correct, it would amount to an annual income of $52,200 which would translate to a 13+% CAP RATE! Entire home has been updated with high-end bathrooms. Plenty of room for parking, large back deck and nice yard wraps entire property. High end ceramic tile and bath fixtures. One-level living on main walk-in level including three beds and full baths. Bonus is downstairs has been beautifully renovated with just about as much space and more upscale improvements. Cannot count because ceiling height is below 7' but appears it could also be rentable bedrooms or separate level. Great opportunity for anyone looking for easy access to ASU and plenty of space for lots of people. See to believe. Buyer and buyer's agent are reponsible for their own financial due diligence and cap rate analysis and listing agency makes no representation about current or future income performance.
| DAYS ON MARKET | 86 | LAST UPDATED | 9/23/2024 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1963 |
| COMMUNITY | 1-Boone, Brushy Fork, New River | COUNTY | Watauga |
| STATUS | Pending | PROPERTY TYPE(S) | Single Family |
| Elementary School | Hardin Park |
|---|---|
| High School | Watauga |
| PRICE HISTORY | |
| Prior to Aug 26, '24 | $450,000 |
|---|---|
| Aug 26, '24 - Sep 3, '24 | $419,900 |
| Sep 3, '24 - Today | $399,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Range, Electric Water Heater, Refrigerator |
| AREA | 1-Boone, Brushy Fork, New River |
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding, Wood Siding |
| HEAT | Electric, Forced Air, Heat Pump, Oil |
| INTERIOR | High Speed Internet |
| LOT | 7405 sq ft |
| PARKING | Asphalt, Driveway, No Garage |
| SEWER | Private Sewer |
| STORIES | 2 |
| STYLE | Ranch |
| SUBDIVISION | None |
| TAXES | 1515 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Pasture |
| WATER | Private |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listing provided by Bob de Camara, Boone Real Estate, 828-265-1021
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2024.