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Listed price in listed location currency (USD).
$350,000

000

MLS® 1224558

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 14
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

Last Sold Price

$845$845

Appreciation

--

Avg. Days Listed

43 days

Today, For Sale for $350,000

Front View
For Sale · 14 days

$350,000

MLS® 1224558

14 days ago

Not Sold Yet

June 2026, For Sale for $350,000

Front View
For Sale · 14 days

$350,000

MLS® 1224558

14 days ago

Not Sold Yet

October 2024, Leased for $845

Front of building
Leased · 43 days

$845

MLS® 1154658

2 years ago

Sold on Oct 18, 2024

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