150 Paul Greer Road

Boone, NC 28607

$1,120,000
Price
Studio
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Amy LaBarre • Blue Ridge Brokerage • (828) 265-2199

Property Details for 150 Paul Greer Road

Architectural Style
Other
Subdivision Name
None

Location

Listing Courtesy of Blue Ridge Brokerage
Add your commute
LISTING UPDATED: 04/30/2024 10:12 AM

Property Details for 150 Paul Greer Road

StatusActive
MLS #248914
Days on Market16
Taxes$2,584 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1980
CountyWatauga County

Location

Listing Courtesy of Blue Ridge Brokerage
Add your commute

Building Information for 150 Paul Greer Road

Building/Complex150 Paul Greer RdFloor-Stories-Residences1Pet Policy-Year Built1980Building Size-

Payment Calculator

$6,328 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,112

Property Taxes

$215

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 150 Paul Greer Road

Summary
Location and General Information
  • Directions: From US Hwy 421 going North towards downtown Boone, take a right onto Jefferson Rd (NC Hwy 194). Go .9 miles, and take a left onto Clint Norris Rd. Go ~.5 miles and take a right onto Paul Greer (a gravel road) – apartments 200 feet straight ahead.
  • Road Surface Type: Gravel
  • Postal Code: 28607
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 1-Boone, Brushy Fork, New River
Taxes and HOA Information
  • Parcel Number: 2911-54-2916-000
  • Association: No
  • Tax Annual Amount: $2,584
  • Tax Book Number: 2172/783
School Information
  • Elementary School: Green Valley
  • High School: Watauga
Property
Lot Information
  • Lot Size Acres: 0.95
  • Lot Size Area: 0.95
  • Lot Size Units: Acres
  • Structure Type: Apartment
Property and Assessments
  • Year Built: 1980
  • Human Modified: Yes
Utilities
  • Sewer: SharedSeptic
  • Water Source: SharedWell
Interior and Exterior Features
Exterior Features
  • Community Features: LongTermRentalAllowed
  • Construction Materials: Brick, Masonry, VinylSiding, WoodFrame
  • Roof: Metal
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Cooling: Yes
  • Cooling: CentralAir
  • Heating: Yes
  • Heating: Electric, Other, SeeRemarks
  • Laundry Features: WasherHookup, DryerHookup
  • Appliances: Dryer, Refrigerator, Washer
Multi Family
Multi-Family Information
  • Number Of Units In Community: 6
  • Number Of Units Total: 1
Unit 1
  • Unit Type Description: One Bath,Deck,Kitchen,Living Room,Oven/Range Electric,Parking Lot,Private Outside Entrance,Refrigerator,Washer/Dryer,Washer/Dryer Hookup
  • Unit Type Type: Item2Bedroom

Property History for 150 Paul Greer Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 150 Paul Greer Road

Taxable ValueLand$30,200Additions$626,400Total$656,600
Home Facts
Total Finished SqFt2,652 SqFtAbove Grade Finished SqFt2,652 SqFtStories1Lot Size41,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1980CountyWATAUGAAPN2911-54-2916-000

Schools near 150 Paul Greer Road

This home is within Watauga County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 5
Rating
School
Distance
Green Valley Elementary
PublicPK to 8

Watauga High
Public9 to 12

Watauga Innovation Academy
Public9 to 12

Mountain Pathways School
PrivatePK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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150 Paul Greer Road is a multi-family home for sale in Boone, NC 28607. This property was listed for sale on April 24, 2024 by Blue Ridge Brokerage, it's currently listed at $1,120,000. It has been on the market for a total of 16 days and was last sold on March 2, 2021. This listing's school district is Watauga County School District. Nearby schools include Green Valley Elementary, Watauga High and Watauga Innovation Academy. 150 Paul Greer Road is a 0-bed, 0-bath, multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Blue Ridge Brokerage

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.