573-591 Margot Road

Boone, NC 28607

$2,000,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Page Sauder • Baxter Mountain Properties • (828) 263-8924

Property Details for 573-591 Margot Road

Architectural Style
Traditional
Subdivision Name
Valley View
LISTING UPDATED: 12/21/2024 09:27 AM

Property Details for 573-591 Margot Road

StatusActive
MLS #253046
Days on Market1
Taxes$2,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1989
Lot Size1.25 AC / 54,450 SF
CountyWatauga 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

Summary
Location and General Information
  • Directions: Hwy 421 to Bamboo Rd to left on Greenbriar Rd to right on Margo Rd to properties on your left.
  • Road Surface Type: Paved
  • Postal Code: 28607
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 1-Boone, Brushy Fork, New River
Taxes and HOA Information
  • Parcel Number: 2920-56-1534-000
  • Additional Parcels Description: 2920-56-1607-000
  • Association: No
  • Tax Annual Amount: $2,080
  • Tax Book Number: 2213/26
School Information
  • Elementary School: Hardin Park
  • High School: Watauga
Property
Lot Information
  • Lot Size Acres: 1.25
  • Lot Size Area: 1.25
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1989
  • Documents Available: RentRolls
  • Human Modified: Yes
Utilities
  • Sewer: SepticPermitUnavailable
  • Utilities: HighSpeedInternetAvailable
  • Water Source: CommunityCoop
Interior and Exterior Features
Exterior Features
  • Construction Materials: WoodSiding, WoodFrame
  • Roof: Asphalt, Shingle
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Heating: Yes
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
Rental
Rental Information
  • Owner Pays: Water

Property History for 573-591 Margot Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

573-591 Margot Road is a multi-family home for sale in Boone, NC 28607. This property was listed for sale on December 21, 2024 by Baxter Mountain Properties, it's currently listed at $2,000,000. This listing's school district is Watauga County School District. Nearby schools include Hardin Park Elementary, Watauga High and Watauga Innovation Academy. 573-591 Margot Road is a 0-bed, 0-bath, multi-family home built in 1989.

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 Compass 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 Baxter Mountain Properties

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.