1794 Poplar Grove Rd - Apartments FOR SALE


Boone, NC 28607
$2,600,000 USD
803-360-7776
1794 Poplar Grove Rd, Boone, NC for Sale
$2,600,000 USD
Apartments - FOR SALE
1/12
null | 6% Cap Rate

1794 Poplar Grove Rd
Boone, NC 28607


HIGHLIGHTS

  • -In unit stacked washer & dryer
  • -Convenient to AppalCART stop
  • -Each Bedroom has a full bath ensuite or private half bath with a shared tub/shower
  • -Tenants are responsible for water/sewer and electric
  • -Parking is available at this complex for an additional $25 per month

OVERVIEW

Wilson Kibler is pleased to present the listing of Poplar Point, located at 1794 Poplar Grove in Boone, NC. The property offers investors the opportunity to acquire a stabilized asset with value-add upside. Poplar Point is a three-story, garden-style student housing community near Appalachian State University, consisting of three 2-bedroom units and six 3-bedroom units (24 total beds) leased by the bedroom. The property features wood-frame, vinyl-siding exteriors, pitched roofs, covered stair towers with balconies, and ample surface parking. With its highly accessible location and proximity to both campus and community amenities, 1794 Poplar Grove is ideally situated to capture demand in one of the most resilient student housing markets in the region.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

9

PRICE/UNIT

$288,889

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,585 SF

ZONING

BOB3

APN/PARCEL ID

2900-35-5528-000

ASK ABOUT THIS PROPERTY

Brooks OwingsWilson KiblerMore Info
803-360-7776

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Brooks OwingsWilson KiblerMore Info
803-360-7776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.