179 Hillside Dr Boone, NC 28607
- Dormitories
Current Use by Public Records
- Dormitories
Property Details for 179 Hillside Dr
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This meticulously maintained, two-unit duplex in Boone, North Carolina, presents a compelling investment opportunity. Located at 179 Hillside Dr, 28607, this property enjoys a prime location within walking distance of Appalachian State University's campus and downtown Boone, ensuring consistent high demand in the robust student rental market. Currently fully leased, generating a gross annual income of $68,400 (commencing August 2025), this duplex boasts a strong 6.23% cap rate and a net operating income (NOI) of $49,757. Recent upgrades include new flooring, appliances, bathrooms, kitchen cabinets and countertops, interior and exterior paint, gutters, and a roof replacement in 2019. Each unit features a washer/dryer, and ample parking is available for tenants. The property's total square footage is based on appraiser measurements provided by the seller, with unit-specific square footage details available in the provided floor plans. A 24-hour notice is required for showings. Note that photos were taken when the units were vacant. Asking price is $799,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boone
- County
- Watauga
- State
- North Carolina
- Longitude
- -81.6704255
- Latitude
- 36.2152302
