Ashe High Country Realty
Ashe High Country Realty

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573 & 591 Margo Road

253046 Days on Market: 3

0
Baths

1.250
Acres

$2,000,000

For Sale

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.

Listing ID:

253046

Property Type:

Duplex

Year Built:

1989

Acres:

1.250

Map

Latitude: 36.212872   Longitude: -81.626634

Location & Neighborhood

City: Boone

County: Watauga

Area: 1-Boone, Brushy Fork, New River

Subdivision: Valley View

Environment

Utilities & Features

Heat: Baseboard, Electric

Sewer: Septic Permit Unavailable

Utilities: High Speed Internet Available

Interior

Exterior

Style: Traditional

Construction

Construction: Wood Siding, Wood Frame

Roof: Asphalt, Shingle

Financial

Property Taxes: $2,080

Other

Price Per Sqft: N/A

Price Per Acre: $1,600,000

573 & 591 Margo Road, Boone, NC 28607

Call 336-246-6348

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Comparable Sold Listings

Listing Courtesy of Baxter Mountain Properties

The data relating this real estate listing comes in part from the High Country Multiple Listing Service ®. Real estate listings held by brokerage firms other than the owner of this website are marked with the MLS IDX logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the High Country Association of REALTORS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this website, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose -- the information is believed accurate but not warranted.

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