EXCELLENT INCOME PRODUCING PROPERTY!!! $28K+ IN ANNUAL GROSS INCOME!!! Close to Appal Cart and only 3 miles to Appalachian State - great central location. According to seller both units have rented consistently for the last 12+ years. Both units are currently rented thru July 24,2021.
Single-familyProperty Type
1966Year Built
0.57 acresLot Size
$166Est. Price/Sq.Ft.
Listed by Lisa Steinbacher• EXP Realty LLC
Listed by Richard Steinbacher• EXP Realty LLC
Bought with Pam King• Realty One Group Results-Boone
DYNAMITE INCOME PROPERTY! $28,000/yr gross income, Walk to Appl Cart, Off Hwy 105 Byp, Leased thru 2019. Leased continuously and effectively for last ten years. Property has been pre-inspected and owner is addressing discoveries. Offered at $225,000 - a 12.4% gross cap rate.
Year
Property tax
Land + Additions
Assessment*
2025
$1,159 (+2.1%)
$37,500 + $208,300
$245,800
2024
$1,135
$37,500 + $208,300
$245,800
2023
$1,135 (+4.2%)
$37,500 + $208,300
$245,800
2022
$1,089 (+14.6%)
$37,500 + $208,300
$245,800
2021
$950
$28,800 + $141,900
$170,700
2020
$950
$28,800 + $141,900
$170,700
2019
$950 (+9.9%)
$28,800 + $141,900
$170,700
2018
$865
$28,800 + $141,900
$170,700
2017
$865 (+8.7%)
$28,800 + $141,900
$170,700
2016
$796 (+2.2%)
$28,800 + $141,900
$170,700
2015
$779
$28,800 + $141,900
$170,700
2014
$779
$28,800 + $141,900
$170,700
Tax history for 260 Kings Ridge Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,159 (+2.1%)
$37,500 + $208,300
$245,800
2024
$1,135
$37,500 + $208,300
$245,800
2023
$1,135 (+4.2%)
$37,500 + $208,300
$245,800
2022
$1,089 (+14.6%)
$37,500 + $208,300
$245,800
2021
$950
$28,800 + $141,900
$170,700
2020
$950
$28,800 + $141,900
$170,700
2019
$950 (+9.9%)
$28,800 + $141,900
$170,700
2018
$865
$28,800 + $141,900
$170,700
2017
$865 (+8.7%)
$28,800 + $141,900
$170,700
2016
$796 (+2.2%)
$28,800 + $141,900
$170,700
2015
$779
$28,800 + $141,900
$170,700
2014
$779
$28,800 + $141,900
$170,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.57 Acres
Year renovated
—
Sq. Ft.
2,688
Year built
1966
Style
Multi-Family (2-4 Unit)
County
Watauga County
APN
1991804756000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Property details
Parking
Parking/Garage Information
Parking Features: Paved, Driveway, No Garage, Private
Interior
Bathroom Information
# of Full Bathrooms: 4
Heating & Cooling
Cooling: None
Has Heating
Heating: Baseboard, Hot Water, Oil
Interior Features
Interior Features: High Speed Internet
Appliances: Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
Fireplace Features: None
Room Information
Laundry Features: Main Level, Upper Level
Has Basement
Basement Details: Finished
Exterior
Exterior Features
Roof: Asphalt, Shingle
Building Information
Above Grade Finished Area: 1,333
Below Grade Finished Area: 1,303
Levels: Two
# of Stories Total: 2
Construction Materials: Wood Siding, Concrete, Frame
Property Features
Has View
Other Structures: Guest House
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Residence