153 Payne Branch Rd #1-2, Blowing Rock, NC 28605

Four-unit rental property conveniently close to ASU & within the ETJ of the Town of Boone. The 4 Units produce $2,800 in monthly rental income w/continuing commercial or Multi-Family use. Property has over 350 feet of road frontage on Hwy 321 & is zoned B-3 Commercial. Property consists of 4 total units. Units 1 & 2 are one structure separated by a breezeway. Units 2 & 3 are detached from the main structure & includes a 1BR upper level apartment & a Studio Apartment on the lower level of the detached building. Unit 1: 4BR/1.5BA; Unit 2: 2BR/1BA; Unit 3: 1BR/1BA; Unit 4: Efficiency unit. Units 2,3,4 share a common Washer/Dryer located in the lower level of Unit 1. A common well serves all four units. The property is located across the road from the headwaters of the Middle Fork of the New River & Payne Branch Park - a planned Greenway between Boone & Blowing Rock. Great location convenient to Boone & Blowing Rock. Close to Appalachian Ski Mountain & the Blue Ridge Parkway. Proven rental history. The 10% Cap Rate is subject to change based on financing choices.