118 W Murphy Street, Madison, NC 27025

Property Description

Investment opportunity in downtown Madison. Renovation of (4) apartments is complete. 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 rent well. All showings will be coordinated by the listing agent with the seller. All offers subject to approval by seller and mortgage holder.