Profitable, six-plex investment opportunity in Boone, NC! Located minutes from Appalachian University and downtown Boone. 100% occupied year- over- year. One year lease terms with renewals signed through July 2025. Rental rates continue to increase each year, with more room for escalation going forward. Metal roof less than 2 years old, basement drainage system installed with encapsulation, new decks overlooking tranquil creek, UV water purification system installed, a few new A/C units and new flooring in some units. Well maintained and profitable investment opportunity.
Sold for $967,500 on 07/01/24
$967,500
150 Paul Greer Road, Boone, NC 28607
--beds
--baths
5,512sqft
Multi Family, Apartment
Built in 1980
-- sqft lot
$984,600 Zestimate®
$176/sqft
$1,395 Estimated rent
Home value
$984,600
$886,000 - $1.09M
$1,395/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 02, 2024 at 07:27am
Listed by:
Amy LaBarre (828)265-2199,
Blue Ridge Brokerage
Bought with:
NONMLS MEMBER, 800273
NONMLS
Source: High Country AOR,MLS#: 248914
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Heating
- Electric, Other, See Remarks
Cooling
- Central Air
Appliances
- Included: Dryer, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Interior area
- Total structure area: 5,512
- Total interior livable area: 5,512 sqft
Property
Lot
- Size: 0.95 Acres
Details
- Parcel number: 2911542916000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,See Remarks
- Property subtype: Multi Family, Apartment
Materials
- Brick, Masonry, Vinyl Siding, Wood Frame
- Roof: Architectural,Shingle
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Shared Septic
- Water: Shared Well
Community & neighborhood
Community
- Community features: Long Term Rental Allowed
Location
- Region: Boone
- Subdivision: None
Other
Other facts
- Listing terms: Cash,New Loan
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2024 | Sold | $967,500-13.6%$176/sqft |
Source:  High Country AOR #248914 | ||
| 5/15/2024 | Contingent | $1,120,000$203/sqft |
Source: High Country AOR #248914 | ||
| 4/24/2024 | Listed for sale | $1,120,000-6.7%$203/sqft |
Source: High Country AOR #248914 | ||
| 12/1/2023 | Listing removed | -- |
Source:  Canopy MLS as distributed by MLS GRID #4044993 | ||
| 8/16/2023 | Listing removed | $1,200,000-7.7%$218/sqft |
Source: Canopy MLS as distributed by MLS GRID #4044993 | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: 28607
Nearby schools
GreatSchools rating
- 3/10Green Valley ElementaryGrades: PK-8Distance: 3.1 mi
- 8/10Watauga HighGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Green Valley
- High: Watauga
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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