224 Laurel Gap Ridge Road, Boone, NC

House

For Sale

$--,---,---

420

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2236 sqft

Garage No

Taxes $1,648

Days Active 2

Lot Size

Approx. Age 1978

Avg. Price Per Sqft $223

MLS® Number 258196

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Rare Investment Opportunity in Boone! Two Homes on One Acre for $499, 000. Opportunities like this don’t come around often, two separate homes on one acre in Boone, priced well below replacement value. Whether you’re an investor seeking strong cash flow or a parent of an Appalachian State student looking to offset housing costs, this property is tailor-made for you. The main home is a spacious 4-bedroom, 2-bathroom residence currently rented at $2, 650/month, providing immediate income. Thoughtful upgrades add character and long-term value, including tongue-and-groove ceilings, a new wood stove (2022), updated ceiling fans (2022), a newer kitchen island, and a brand-new roof (July 2025). Just down the property, you’ll find a second home, a modern 2023 double-wide manufactured home with 2 bedrooms, 2 bathrooms, plus an additional sleeping room. Everything here is new, covered under a transferrable comprehensive warranty until July 2028, and designed for low-maintenance living. Market rent is estimated at $1, 800/month, creating strong dual-income potential. Together, these homes could conservatively generate $4, 400+ per month in rental income, positioning this property as a high-yield portfolio addition. Parents of college students will also love the flexibility, rent out one home while your student lives affordably in the other, with or without roommates. If sold separately, these homes could likely command closer to $600, 000 combined, but subdivision would require acquiring additional land to meet county regulations. At $499, 000 for both homes together, this is an investor’s dream: instant income, long-term upside, and built-in flexibility.Show Description

MLS® Number258196

Laundry LevelWasher Hookup, Dryer Hookup, In Basement, Main Level

Central VacNo

FireplaceNo

Acreage1

ExteriorGravel Driveway, Paved Driveway

GarageNo

Approx. Age1978

BasementCrawl Space, Finished

DrivewayAsphalt, Carport, Driveway, Gravel, Paved, Private, Shared Driveway

Garage Spaces

HeatBaseboard, Electric, Heat Pump, Space Heater, Wood Stove, Wall Furnace

A/CCentral Air, None

Heating Fuel

Extras

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