Active
237 Queen Street
Boone NC, 28607
$1,299,000
$420.93 per sqft
Active
3,086 sqft
Multi-family
Built in 1945
Listing Courtesy of Baxter Mountain Properties
This walk-to-campus, recently renovated quadplex with 11 parking spaces and (4) 2 bed/1 bath units is an investor's dream! With leases currently renewing reflecting rent revenue at $106,200 annually, providing an 8.2% gross rent ROI for the Aug. '25 - July '26 lease term, along with recently renovated kitchens and baths, flooring and fixtures, and a new roof in 2023, this quadplex is a tremendous turn-key property for any investor looking in the strong student housing market for App State and CCC&TI student populations. With on-site parking available to tenants, walk to campus and downtown Boone for shopping, restaurants, and all the town has to offer, this property offers the convenience students are looking for. Tenants pay electric, cable/internet, and heat with units metered separately for electric. Water/sewer and trash service are included in rent. Floor plans in photos with unit square footage provided by the seller. Current gross rent and parking $103,800, increasing to $106,200 for Aug '25 - July '26. 24 hour notice for showing required. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
252975
MLSⓇ ID
December 20, 2024
Listed
December 21, 2024
Updated
Map
237 Queen Street
Boone NC, 28607
Interior Features
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Electric
Exterior/Building Features
Lot Size
0.35 Acres
Architectual Style
Traditional
Roof
Asphalt, Shingle
Sewer
Public Sewer
School Information
High School
Watauga
Elementary School
Hardin Park
Other Property Details
Area Name
1-Boone, Brushy Fork, New River
Taxes
$4,616
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
Watauga
Water Source
Public
Pool
No
The information from this search is provided by the High Country Association of REALTORS, Inc. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. This data is up-to-date as of 1:48 PM UTC 12/21/2024. For the most current information please contact Jeff Dollar at [email protected].
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