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$350,000

For Sale

12 days ago

118 W Murphy St, Madison, NC

House

MLS® 1224558

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 11
Lot Size 
Approx. Age 
MLS® Number 1224558

Property Address: 118 W Murphy St, Madison, NC, 27025-1924

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

Description

Investment opportunity in downtown Madison. Renovation of (4) apartments is complete and all are rented. This opportunity provides income from (2) one bedroom and (2) studio apartments. Each unit has new electrical, plumbing, flooring, kitchens and HVAC systems. This building has value added potential for up to 4 additional apartments for a total of eight units. In addition, there is retail space, with a separate entrance that has outstanding visibility from the street and excellent rental possibilities. Great opportunity for the owner to receive income from both the residential and retail sides. Apartments are rented. All showings will be coordinated by the listing agent with the seller. All offers subject to approval by seller and mortgage holder.
MLS® Number1224558
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 15, 2026List Date
$350,000List Price
Oct 18, 2024End Date
$845Sold Price

Leased

Sep 4, 2024List Date
$845List Price
  • Commute

Commute

Starting Address
Destination Address
118 W Murphy St, Madison, NC

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