Condos For Sale in Boone, NC | The Real Estate Book

361 University Hall Drive
Boone, NC 28607

$6,650,000

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Status Active
Listing MultiFamily
Style Other
Year Built 2010
MLS® 218619
Original Listing Open Link
MultiFamily For Sale

Property Features
Luxury Apartment Building at the Lofts At University Hall Drive with 48 Units. There have never been any vacancies, and apartments are rented only to graduate students and professionals. Amenities include: AppalCart pickup at front door, gated entry, elevator, hardwood floors, full kitchen with dishwasher, bar top area in kitchen, pendant lights, large closet storage, lots of storage, full bathroom with tub and shower, full size washer and dryer, large sunny windows, 1 mile to Appalachian State University's Campus so close enough to walk, bike, or ride the bus, 1/2 mile to Boone Mall and Harris Teeter, beautiful wooded setting, and All units non-smoking and Unfurnished. Visit https://www.loftsatuniversityhall.com for current pricing, floor plans, etc. This building has been meticulously maintained and a list of all improvements and maintenance are uploaded in documents. Cap Rate is right at 6 percent. This property rests in a designated Qualified Opportunity Zone which allows special tax incentives for investors meeting the QOZ requirements.
Key Features
Lot Size 1.59 acres
Property Type MultiFamily
Year Built 2010
Style Other
Exterior Features
Lot Size 1.59 acres
Roof Unknown
The Neighborhood
County Watauga

Disclaimer: Copyright © 2020 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Interested in this listing?
Listing Agent
Tim Baxter
Baxter Mountain Properties
Direct: 828-263-8924
Broker: (828) 263-8924
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
Contact
Listing Agent
Tim Baxter
Baxter Mountain Properties
Direct: 828-263-8924
Broker: (828) 263-8924
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
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Information deemed reliable but not guaranteed. All measurements are approximate. MLS® numbers are provided where available. NewPoint Media Group, LLC is not affiliated or associated with The Canadian Real Estate Association or any other owner of the MLS® word or design mark in any geographic area.