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This investment property projects to a Cap Rate of 11.3 and Gross Rent Multiplier of 6.95. Currently long term rental, however can be used for Short Term Rental. See the attached projected revenue and returns. Beautifully remodeled in 2018, both units come furnished. Units have parking and short walk to everything downtown Boone has to offer. Your investor clients will thank you for bringing them this property. - Lower unit is 6'6 in height so not counted in Heated Living Area.
| DAYS ON MARKET | 200 | LAST UPDATED | 8/4/2022 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1950 |
| COMMUNITY | 1-Boone, Brushy Fork, New River | COUNTY | Watauga |
| STATUS | Sold | PROPERTY TYPE(S) | Residential Income |
| Elementary School | Hardin Park |
|---|---|
| High School | Watauga |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 1-Boone, Brushy Fork, New River |
| CONSTRUCTION | Wood Frame, Wood Siding |
| HEAT | Electric |
| LOT | 2178 sq ft |
| SEWER | Public Sewer |
| STYLE | Cottage |
| SUBDIVISION | None |
| TAXES | 1079 |
| UTILITIES | Cable Available,Electricity Available,Sewer Available,Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Mike Quinto, Allen Tate Real Estate
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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