591 & 573 Margo Road, Boone, NC 28607
Local realty services provided by:ERA Live Moore
591 & 573 Margo Road,Boone, NC 28607
$1,475,000
- - Beds
- - Baths
- 4,130 sq. ft.
- Multi-family
- Active
Listed by:page sauder
Office:baxter mountain properties
MLS#:255231
Source:NC_HCAR
Price summary
- Price:$1,475,000
- Price per sq. ft.:$357.14
About this home
TWO DUPLEXES, 4 TOTAL UNITS, 16 TENANTS WITH THEIR OWN SLEEPING SPACE / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. Fully leased through July 2026 with 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. Total square footage represented is from appraiser measurements provided by the seller.
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Home facts
- Year built:1989
- Listing ID #:255231
- Added:150 day(s) ago
- Updated:September 28, 2025 at 03:14 PM
Rooms and interior
- Living area:4,130 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1989
- Building area:4,130 sq. ft.
- Lot area:1.25 Acres
Schools
- High school:Watauga
- Elementary school:Hardin Park
Finances and disclosures
- Price:$1,475,000
- Price per sq. ft.:$357.14
- Tax amount:$2,080
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