118 W Murphy St Madison, NC 27025
Renovated apartments and retail space in downtown Madison, North Carolina.
Property Features for 118 W Murphy St
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agent: Liz Eckler
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Madison Investment Opportunity
This property presents an investment opportunity in downtown Madison, North Carolina. The renovation of four apartments is complete, and all are currently rented. The property includes two one-bedroom apartments and two studio apartments. Each unit features new electrical, plumbing, flooring, kitchens, and HVAC systems. There is potential to add up to four additional apartments, bringing the total to eight units. Additionally, the property includes retail space with a separate entrance, offering street visibility and rental possibilities. This setup allows an owner to receive income from both the residential and retail aspects of the property. The intended use of the property is for residential income and retail purposes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Rockingham
- State
- North Carolina
- Longitude
- -79.960693
- Latitude
- 36.38771
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FAQs
What type of property is this?
Quadplex - Renovated apartments and retail space in downtown Madison, North Carolina.
Where is this quadplex located?
The property is located at 118 W Murphy St Madison, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: - Fully renovated apartments (4 units) are already rented and generating income.; - Potential to add up to 4 additional apartments, increasing total unit count to eight.; - Includes a retail space with **high street visibility** and separate entrance, offering additional income potential.