71 King Street
About This Property
Outside, beautifully maintained landscaping, established plantings, and an attractive paver driveway create a memorable first impression. The covered front porch adds another inviting place to enjoy the gardens and surrounding streetscape. Inside, reclaimed wood floors and plaster-finished walls bring warmth and texture to the open floor plan. Custom-built cabinetry and interior doors reflect thoughtful craftsmanship, while unique period accents and custom window treatments complement the home's carefully considered finishes.
In addition to a bedroom and bathroom on the main level, the upstairs includes a primary bedroom and guest room with an en suite bathroom. A large, versatile foyer on the second floor offers space for a reading area, creative pursuits, or exercise. This arts and crafts bungalow was updated in 2015 with new plumbing, electrical, heating and cooling, and an encapsulated crawl space.
The backyard reveals a secluded retreat within the downtown setting. A fire pit area provides a gathering place, and a pergola perched atop the hill creates a peaceful destination to pause and enjoy the surroundings. Private and beautifully landscaped, this outdoor haven offers space to relax and unwind while being just a quick stroll from downtown.
Enjoy King Street's vibrant Lumberyard District which brings dining, craft beverages, and live music close to home, including performances at 185 King Street and the offerings of adjacent Noblebrau Brewing. Nearby downtown Brevard adds independent boutiques, galleries, cafes, bookstores, and restaurants, lending variety and character to the location.
Set against the Blue Ridge Mountains, Brevard combines a distinctive downtown with a rich arts and music scene. Concerts at Brevard Music Center, local performances, and seasonal events complement the region's outdoor attractions. Beyond town, Pisgah National Forest and DuPont State Recreational Forest offer waterfalls, trails, and mountain scenery to explore.
With its thoughtfully appointed interiors and private garden retreat, 71 King Street offers a distinctive combination of luxury, character, and connection to downtown Brevard.
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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