About 591 & 573 Margo Road
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.
Features of 591 & 573 Margo Road
| MLS® # | 255231 |
|---|---|
| Price | $1,475,000 |
| Bathrooms | 0.00 |
| Acres | 1.25 |
| Year Built | 1989 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 591 & 573 Margo Road |
|---|---|
| Area | 1-Boone, Brushy Fork, New River |
| Subdivision | Valley View |
| City | Boone |
| County | Watauga |
| Province | NC |
| Postal Code | 28607 |
Amenities
| Utilities | Other, See Remarks, High Speed Internet Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Electric |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Wood Siding, Wood Frame |
|---|---|
| Roof | Asphalt, Shingle |
| Construction | Wood Siding, Wood Frame |
School Information
| Elementary | Hardin Park |
|---|---|
| High | Watauga |
Additional Information
| Date Listed | April 30th, 2025 |
|---|---|
| Days on Market | 121 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Baxter Mountain Properties |
|---|---|
| Contact Info | (828) 263-8924 |