163 Meadowbrook Lane
About This Property
The main level offers comfortable everyday living, while the spacious finished basement adds serious versatility with two bonus rooms, a dedicated recreational room, and a full bathroom - ideal for a home office, media room, guest suite, or teen hangout space. Outside, a large separate workshop with electricity gives hobbyists, tinkerers, or small business owners a dedicated space to work, while the attached 4-car carport offers rare covered parking and storage capacity that's hard to find. The great yard rounds things out, offering plenty of room to garden, play, or simply enjoy the outdoors.
Located in the West Marion Elementary / West McDowell Middle / McDowell High school district with no HOA and no restrictions, this home also puts you close to everything McDowell County has to offer - and within easy reach of two major cities. Asheville is about 35 miles / 40 minutes away via I-40, putting you close to the city's arts, dining, and breweries without the city price tag, while Charlotte is roughly 95 miles / under 2 hours away for big-city shopping, dining, or the airport. Locally, spend the day at Lake James, hike to the falls at Catawba Falls or explore the dramatic terrain of Linville Gorge Wilderness Area, or venture underground at Linville Caverns. History and small-town charm await in downtown Marion, home to the Historic Carson House and McDowell County Courthouse, and outdoor lovers will love easy access to Pisgah National Forest and the Blue Ridge Parkway. Families can spend an afternoon at Buck Creek Trout Farm or explore local rail history at the Old Fort Railroad Museum.
Recently updated, move-in ready, and packed with space inside and out - this is a rare find. Schedule your showing today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017