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153 Payne Branch Road 
153 Payne Branch Road
Blowing Rock, North Carolina 28605
County: Watauga
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| Type: | Multifamily
Duplex/Triplex/Fourplex |
| No. Units: | 4 |
| Building Size: | 3,500 SF |
| Lot Size: | 1.22 Acres |
| Price: | N/A |
| Price/Unit: | N/A |
| Cap Rate: | 3.00% |
| Date Last Verified: | 7/24/2008 |
| Property ID: | 15818368 |
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Property Description:
Rental Property conveniently located Close to ASU & within the ETJ of the town of Boone. 4 Units over $3,200 in Monthly Rental Income with additional Commercial or Multi-family potential. Property has over 350 feet of Road Frontage on 321 Zoned B-3 commercial. Unit 1- 3 Bedroom $1560 Unit 2- 1 Bedroom $610 Unit 3- 1 Bedroom $610 Unit 4- Studio $450 Monthly Figures. Residence consist of 4 total units- Unit 1 & 2 are one structure separated by a breezeway. Unit 2 & 3 is detached from the main structure and offers a 1 bedroom apt. up top and a studio apt. in the lower level of the unit. Property is located accross the street from the headwaters of the Middle Fork of the New River & Payne Branch Park (Planned Greenway between Boone & Blowing Rock) Units 2,3,4 share a common Washer / Dryer in the lower level of Unit 1.
Location Description:
From Walgreens Travel towards Blowing Rock on 321 for about one mile to a right on Payne Branch Road. Look for BRRI Signs to first house on left. Bridge is out on the Deck Hill / Flat top side of Payne Branch Road must access from 321.
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