361 University Hall Drive, Boone, NC 28607 (MLS # 218619)

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PRICE $6,650,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 1.59 ac

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.

DAYS ON MARKET 139 LAST UPDATED 10/29/2019
TRACT None YEAR BUILT 2010
COMMUNITY 1-Boone, Brushy Fork, New River COUNTY Watauga
STATUS Active PROPERTY TYPE(S) Residential Income

SCHOOLS
Elementary SchoolHardin Park
High SchoolWatauga


ADDITIONAL DETAILS
AIROther
AREA1-Boone, Brushy Fork, New River
CONSTRUCTIONOther, See Remarks
HEATElectric, Heat Pump
INTERIORCable TV, Elevator, High Speed Internet
LOT1.59 acre(s)
SEWERPublic Sewer
STYLEOther
SUBDIVISIONNone
TAXES29800
UTILITIESCable Available,Electricity Available,Other,See Remarks,Underground Utilities
WATERPublic
ZONINGMulti-Family
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Baxter Mountain Properties

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