$1,390,000
Est. Payment: $7,144/mo
Adjust down payment, rate & terms
573 & 591 Margo Rd, Boone, NC 28607
Boone, NC 28607
0
bedrooms
0
baths
4,130
sq.ft.
$337
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
9% CAP RATE - TWO DUPLEXES, 4 TOTAL UNITS, 16 TENANTS WITH THEIR OWN PRIVATE ROOM / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. 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 slightly. Total square footage represented is from appraiser measurements provided by the seller.
About the Neighborhood
Looking for the perfect Residential Income in Boone? The 28607 zip code offers a unique blend of local amenities, convenient transit, and community charm, making it a fantastic area to call home. Reach out to learn more about the local real estate market in this specific neighborhood.
Property Features
Property Description
- Stories: 2
- Year Built: 1989
- Living Area: 4,130 sqft
- New Construction: No
- MLS #: 4329933
Association
- HOA Required: No
Interior Features
- Heating: Baseboard
- Cooling: Ceiling Fan(s)
- In Hall
Appliances
- Electric Range
- Refrigerator
- Washer/Dryer
Construction Materials
- Wood
- Foundation: Crawl Space
Cooling
- Ceiling Fan(s)
Foundation Details
- Crawl Space
Heating
- Baseboard
Laundry Features
- In Hall
Parking Features
- Parking Lot
Pets Allowed
- Yes
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Gravel, Paved
Sewer
- Septic Installed
WaterSource
- Community Well
Architectural Style
- Traditional
Location
Schools
Elementary
Hardin Park
Middle
None
High School
Watauga
LISTING COURTESY OF: PAGE SAUDER
sauderpage@yahoo.com
$1,390,000
Est. Payment: $7,144/mo
Adjust down payment, rate & terms
Boone, NC 28607
0
bedrooms
0
baths
4,130
sq.ft.
$337
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Page Sauder
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
$1,390,000
573 & 591 Margo Road
0 bed, 0 bath