591 & 573 Margo Road, Boone, NC 28607
View property features, location on map, relevant school information and overview from seller's agent.
- 3
- 0
Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Lot size (acres)
- 1.25
- Year built
- 1989
Utilities
- Heating
- Baseboard, Electric
- Sewer
- Other
Taxes
- Tax Annual Amount
- $2,128.87
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: High Country MLS MLS®#: 259369 Last checked: …
