573-591 Margot Road
$2,000,000
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New
Description
Minutes from downtown Boone and the campuses of App State and CCC&TI, these (2) side by side duplexes offer a total of 16 beds and 8 baths with 4 bedrooms/ 2 baths in each unit. Leases are currently renewing reflecting rent revenues of $153,600 annually, providing a 7.7% gross rent ROI for the Aug. '25 - July '26 lease term. With a new roof and recently updated kitchens, counter tops, flooring and fixtures these duplexes are a tremendous turn-key opportunity for any investor in the strong Boone rental...Minutes from downtown Boone and the campuses of App State and CCC&TI, these (2) side by side duplexes offer a total of 16 beds and 8 baths with 4 bedrooms/ 2 baths in each unit. Leases are currently renewing reflecting rent revenues of $153,600 annually, providing a 7.7% gross rent ROI for the Aug. '25 - July '26 lease term. With a new roof and 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 $144,000, increasing to $153,600 for Aug '25 - July '26. Tenants are responsible for electric and cable/internet with trash included in rent. 24-hour notice is required for showing. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
- Listed by Page Sauder • Baxter Mountain Properties • (828) 263-8924
Property Details for 573-591 Margot Road
Architectural Style
Traditional
Subdivision NameValley View
LISTING UPDATED: 12/21/2024 09:27 AM
Property Details for 573-591 Margot Road
Status | Active |
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MLS # | 253046 |
Days on Market | 1 |
Taxes | $2,080 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1989 |
Lot Size | 1.25 AC / 54,450 SF |
County | Watauga County |
Building Information for 573-591 Margot Road
Stories-Residences4Year Built1989Building Size-Lot Size1.25 AC / 54,450 SF
Property Information for 573-591 Margot Road
Property History for 573-591 Margot Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 573-591 Margot Road
This home is within Watauga County School District.
Rating | School | Type | Grades | Distance |
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Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
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Hardin Park Elementary PublicPK to 8 | ||
Watauga High Public9 to 12 | ||
Watauga Innovation Academy Public9 to 12 | ||
Watauga Virtual Academy PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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