150 Paul Greer Road Boone, NC ^$ 1,120,000

150 Paul Greer Road

^$ 1,120,000

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150 Paul Greer Road

Boone, NC, 28607

^$ 1,120,000

Studio Baths0.0 Sq 5,512

Monthly Estimate*

^$ 7,824

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Studio

Multi-Family Home for sale in Boone, NC

for $1,120,000. This 5,512 square foot home was built in 1980 on a lot size of 0.95.

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.

Multi-Family Active

Price

^$ 1,120,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,584

Style

ResidentialIncome

Lot Size

0.95

Year Built

1980

Town/City

Boone

County/Region

Watauga

MLS | Web ID

248914

Features

General

Sewer SharedSeptic

Heating Electric Other SeeRemarks

Cooling CentralAir

Roof Metal

Appliances Dryer Refrigerator Washer

Architectural Style Other

Construction Materials Brick Masonry VinylSiding WoodFrame

Year Built 1980

Property SubType Apartment

Community Features LongTermRentalAllowed

County Watauga

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name None

Garage Y/N N

Status Active

High School Watauga

City Boone

Buyer Agent Compensation 5

View Y/N N

Senior Community Y/N N

MLS Area 1-Boone Brushy Fork New River

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Paul Greer

Listing Terms Cash NewLoan

Elementary School Green Valley

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 2584.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 6

Structure Type Apartment

Standard Status Active

Property Sub Type Additional Apartment MultiFamily

Buyer Agent Compensation Type Item1

Exterior

Water Source SharedWell

Lot Size Area 0.95

Spa N

Building Area Total 5512.0

Lot Size Acres 0.95

Road Surface Type Gravel

Lot Size Units Acres

Road Frontage Type PrivateRoad

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

Street Suffix Road

Laundry Features WasherHookup DryerHookup

Total Bedrooms 0

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 150

* Excluded Features

List By

Blue Ridge Brokerage

Broker

amy@blueridgebrokerage.com

Affordability Calculator

$8,039

Per Month

Monthly Principal & Interest: $7,824
Monthly Property Taxes: $215
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Boone, NC

Average List Price ^$723,000

Percent of Sale Price 35%

About Boone, NC

18,712 Population

30% Since 2002

^$26,433 Median Income

21.32 Median Age

10% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4062218 Elementary School

4062211 Middle School

Watauga High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/24/2024	$1,120,000		Listed Price

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150 Paul Greer Road, Boone, NC, 28607 is a Multi-Family Home for sale at $1,120,000 with 5,512 sqft and a lot size of 0.95. 150 Paul Greer Road is a studio with 0.0 baths and was built in 1980. The property's zip code is 28607 which is in Boone, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Avery-Watauga Association of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/4/2024.

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150 Paul Greer Road

Multi-Family Home for sale in Boone, NC

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