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Goforth & Co. Real Estate
573 & 591 Margo Road, Boone, NC 28607
- $1,200,000
- 4,130
- SqFt
Listing courtesy of Page Sauder Properties. sauderpage@yahoo.com
Sold listing courtesy of Canopy Administration
- Sold Price
- $1,200,000
- List Price
- $1,390,000
- Status
- CLOSED
- Days on Market
- 70
- Closing Date
- Feb 24, 2026
- MLS#
- 4329933
- Style
- Traditional
- Year Built
- 1989
- Living Area
- 4,130
- Lot Size
- 54,450
- Acres
- 1.25
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.
Additional Information
- Property Description
- Traditional
- Appliances
- Electric Range, Refrigerator, Washer/Dryer
- Heating
- Baseboard
- Air Conditioning
- Ceiling Fan(s)
- Exterior Construction
- Site Built
- Foundation
- Crawl Space
- Parking
- Parking Lot
- Elementary School
- Hardin Park
- High School
- Watauga
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