Boone, NC 28607,573 & 591 Margo RD
Boone, NC 28607,573 & 591 Margo RD
Boone, NC 28607,573 & 591 Margo RD
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$1,390,000
Est. payment /mo
4,130 SqFt
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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,130 sqft

Price per Sqft $336

MLS Listing ID 4329933

Style Traditional

Abv Grd Liv Area 4,130

Year Built 1989

Lot Size 1.250 Acres

Acres 1.25

Property Sub-Type Fourplex

Property Description

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.

Location

State NC

County Watauga

Zoning None

Interior

Heating Baseboard

Cooling Ceiling Fan(s)

Appliance Electric Range, Refrigerator, Washer/Dryer

Laundry In Hall

Exterior

Street Surface Gravel,Paved

Garage false

Building

Dwelling Type Site Built

Foundation Crawl Space

Sewer Septic Installed

Water Community Well

Architectural Style Traditional

Structure Type Wood

New Construction false

Schools

Elementary Schools Hardin Park

Middle Schools None

High Schools Watauga

Others

Pets Allowed Yes

Senior Community false

Special Listing Condition Subject to Lease


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Listed by Page Sauder • Page Sauder • sauderpage@yahoo.com

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Lindsey Turner

Lindsey Turner

+1(704) 577-3767

REALTOR - Listing Specialist/Buyers Agent

REALTOR - Listing Specialist/Buyers Agent

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573 & 591 Margo RD