4-bedroom/4-bath duplex offering the option of living in one side and renting the other, or a great investment for renting both units in a strong rental market. This turn-key duplex in Boone, NC, near the campus of App State, Caldwell Community College, Watauga Medical Center, Samaritan's Purse, restaurants, shopping, and outdoor activities currently has a renters in both units through July 2026 and would make a great investment property for long-term rental, short-term rental, or living in one side and renting out the other. The current rent is $1,600 per month, per unit, totaling $3,200 per month and $38,400 annually. This is a well-maintained property with spacious living and dining room areas, full kitchens with updated cabinets and appliances, central heat & air conditioning, ensuite baths for all bedrooms, a washer and dryer in each unit, and each unit has its own private deck with a great view leading to a large fenced-in backyard separated for each unit. The property also features a large, unfinished basement that provides ample storage space, as well as a sufficient number of parking spaces for tenants. Water and sewer are included, with tenants responsible for all other utilities and lawn maintenance. Unit 1 is shown in photos, Unit 2 has carpeted floors in living and bedroom areas.
9% CAP RATE - TWO DUPLEXES, 4 TOTAL UNITS, 16 TENANTS WITH THEIR OWN PRIVATE ROOM / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. 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 slightly. Total square footage represented is from appraiser measurements provided by the seller.
9% CAP RATE - TWO DUPLEXES, 4 TOTAL UNITS, 16 TENANTS WITH THEIR OWN PRIVATE ROOM / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. 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 slightly. Total square footage represented is from appraiser measurements provided by the seller.
Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Boone is located in North Carolina. Boone, North Carolina has a population of 18,055. Boone is more family-centric than the surrounding county with 33.67% of the households containing married families with children. The county average for households married with children is 25.16%.
The median household income in Boone, North Carolina is $24,756. The median household income for the surrounding county is $48,786 compared to the national median of $69,021. The median age of people living in Boone is 20.9 years.
The average high temperature in July is 77.6 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 50.8 inches per year, with 33.1 inches of snow per year.
